American Dollar to Canadian Dollar = 0.745208; American Dollar to Chinese Yuan = 0.143390; American Dollar to Euro = 1.184912; American Dollar to Japanese Yen = 0.009532; American Dollar to Mexican Peso = 0.045105.
https://www.x-rates.com/table/?from=USD&amount=1.00
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Futures slid as much as 1.2 percent in New York after losing 2 percent Tuesday, the first drop in seven sessions. Inventories rose by 1.78 million barrels last week, the American Petroleum Institute was said to report. A Bloomberg survey showed nationwide stockpiles fell for a fifth week. OPEC output climbed in July as Libya boosted supply, according to a Bloomberg survey of analysts, oil companies and ship-tracking data. “Prices are under pressure as the recent gains are seen as unsustainable,” said Eugen Weinberg, head of commodities research at Commerzbank in Frankfurt. “The API is contributing to the overall situation, and should the DOE data confirm the trend, it’s likely to weigh on prices,” he said, referring to the U.S. Department of Energy figures due for release on Wednesday. Click Read More below for additional details.
The American Trucking Associations was joined by eight trucking organizations and affiliates in a renewed effort to repeal the outdated and counterproductive federal excise tax, or FET, on heavy-duty trucks and trailers. The coalition sent a letter to the leaders of Senate Finance Committee and House Ways & Means Committee to express strong support for the Modern, Clean, and Safe Trucks Act. The bipartisan legislation would repeal the FET and immediately reduce the cost of new, cleaner, and safer trucks by 12 percent, making it easier for fleets to upgrade their equipment. “Eliminating this tax will remove a barrier to retiring older trucks that lack modern emissions control and safety technologies, allowing owners to replace them with modern, clean models that are safer and more environmentally friendly,” the coalition wrote.
Brent, the international benchmark for oil prices, hit a session high of $80.50 a barrel on Thursday, its strongest level since Nov. 24, 2014, when it topped out at $80.85. The contract eased back to $79.19 by 2:25 p.m. ET, down 9 cents. U.S. West Texas Intermediate crude ended the day unchanged from the previous session at $71.49 a barrel. WTI earlier hit a high going back to Nov. 28, 2014 at $72.30 a barrel. Click Read More below for additional information.