Good Morning:

The dollar rallied overnight as the Euro dropped to a five month low against the greenback as speculation mounts that the ECB may need to decrease their benchmark interest rates.  The drop in oil and metals also assisted in the dollar rally. 

European Equities were higher as declining metal and oil prices helped spur the rally.  Asian markets were higher-except Chinese markets which fell prior to the opening of the Olympics.

 Oil: $118.32                                                    Gold: $872.00  

Today we have data on:

Non Farm Productivity Q2:                   Exp: 2.5%                    Prior: 2.6%

Unit Labor Costs Q2:                           Exp: 1.4%                    Prior: 2.2%

Wholesale Inv-June:                              Exp: .6%                      Prior: .8%

Have a GREAT DAY-GREAT WEEKEND- GOOD LUCK