American Dollar to Canadian Dollar = 0.776898;
American Dollar to Chinese Yuan = 0.157605;
American Dollar to Euro = 1.230861;
American Dollar to Japanese Yen = 0.009490;
American Dollar to Mexican Peso = 0.052712.
http://www.x-rates.com/table/?from=USD&amount=1.00
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Futures rose 0.5 percent in New York after slipping a second session Tuesday. Inventories dropped by 9.2 million barrels last week, the American Petroleum Institute was said to report. If that is replicated in government data Wednesday, it would be the largest drop in almost a year. Output from Libya is rebounding as its biggest field boosts production and a port reopens. OPEC won’t clear the global glut any time soon since any increase in price continues to bolster rival production from U.S. shale, according to the International Energy Agency. Click Read More below for additional detail.
Heidelberger Druckmaschinen AG (Heidelberg) has now launched its new charging system for electric cars in Germany. The Heidelberg Wallbox Home Eco is the first ever product for end customers in a company history that spans almost 170 years. The system is aimed at individuals and also at businesses and local authorities that want to use the charging station to recharge the electric vehicles in their own fleets as well as those of customers and visitors. The Wallbox Home Eco has a CE-compliant design. Heidelberg developed all the power electronics itself and they are produced exclusively in Germany. Comparable solutions from Heidelberg have already proved a market success, with over 20,000 Wallboxes for the electric cars of a premium manufacturer and over 100,000 smart charging cables manufactured to customer specifications. Click Read More below for additional information.
Futures are up more than 11 percent in 2017, having entered a bull market in September. The year’s gains were driven by output cuts by the Organization of Petroleum Exporting Countries and Russia, along with geopolitical tensions in the Middle East and pipeline disruptions from the North Sea to Canada and Libya. In 2018, investors will watch whether the price recovery triggers a new flood of U.S. output. “The current highs are unsustainable in the short-to-medium term, with prices likely to head back below $60 once we get past January, but for now the season of goodwill appears to be in full swing,” said analysts led by Michael dei-Michei at consultants JBC Energy GmbH in Vienna. Click Read More below for additional information.