• US Q1 Unit Labor Costs rise 1.6% in the second quarter.
• US Dollar Index remains relatively steady after data, around 4-week highs. 

The  US Bureau of Labor Statistics reported that Unit Labor Cost (ULC) rose 1.6% during the second quarter, a reading below market estimates of 2.6%. ULC rose 3.3% during the first quarter (revised from 4.2%). 

Nonfarm Productivity increased 3.7%, more than the 2% of market consensus. The 2.1% decline of the first quarter was revised to -1.2%.