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A senior trader at a Japanese bank said the whole market was being influenced by the possibility of Chrysler going bankrupt, reports Reuters.
"US stock futures are looking terrible after a positive close in New York, prompting market players to dump currencies they had bought against the yen," commented the trader.
Meanwhile, the euro fell by 0.4 per cent from late New York trade yesterday.
Mr Obama has arrived in London to take part in the G20 summit.
During an hour-long press conference with the prime minister, he warned that US consumers alone cannot steer the world out of the current economic downturn, insisting that each country must do their share.
