Morning Bid: Only 1,362 days of Trump 2.0 to go

As U.S. futures have tiptoed back upwards near early April's levels, it's the dollar that is left licking the wounds of Donald Trump's first 100 days in office as it slides towards its largest monthly drop in years. Traders have sold the greenback as tariffs threaten U.S. growth, productivity and dynamism, and its role as a safe harbour has come into question while Trump's chaotic communications roil markets. Tuesday brought a new walkback on parts of the automotive tariffs, which will no longer pile on top of other import levies, though that was greeted warily with European and U.S. futures up only slightly in the Asia session.