Key Currency Exchange Rates

American Dollar to Canadian Dollar = 0.720605; American Dollar to Chinese Yuan = 0.138754; American Dollar to Euro = 1.083126; American Dollar to Japanese Yen = 0.006708; American Dollar to Mexican Peso = 0.052741.

Global demand for oil is likely to moderate this year, as the price of crude nears $80 a barrel and many key importing nations no longer offer consumers generous fuel subsidies, the International Energy Agency said on Wednesday. Oil has risen 51 percent in the last year, driven by coordinated supply cuts and, this month, by concern over Iranian supply after the United States said it would reimpose sanctions on Tehran over its nuclear activities. Click Read More below for additional information.

Secondary and smaller ports across the U.S. are processing less trade as shippers readjust supply chains against the latest tariff deadlines. Ports of Oakland, Jacksonville, New Orleans, and Panama City, Florida, are among those "getting sandwiched out of port calls as more shippers decide to unload their freight in the larger ports," said Paul Brashier, vice president of global supply chain at ITS Logistics. "This is not a seasonal dip, but a market recalibration," said a top official at Port of Oakland.