Futures slightly higher after yesterday's selloff, commodities continue to plunge on dollar stability

Futures: S&P: +6.3 Dow: +50 Nas: +7.5
Fair val: S&P: +0.9 Dow: -12 Nas: +0.1

Yesterday's story extends into this morning as commodities continue their steep decline.
Strength in the dollar against the yen and euro was the motivating factor behind the initial decline, which has snowballed as traders run over themselves getting out the door of these weak dollar, 'safe haven' trades.
The haircuts have been swift and dramatic.
Gold @ $920 is 10% below the highs of a few days ago.
Silver @ $17.50 is 20% below its highs.
Oil @ $100 is 10% lower.
The fall in commodities should abate inflation fears somewhat and eventually be good for equities.
The unknown factor is just how much deleveraging is left to occur.