Key Currency Exchange Rates for Friday, 10/14/22

Traders remained concerned rising output would slow the rebalancing in oil markets as the production-cut agreement has helped rid the market of excess crude supplies. Inventories of U.S. crude fell by 4.143 million barrels for the week ended June 8, well above expectations for a draw of 1.440 million barrels, according to data from the Energy Information Administration. Click Read More below for additional information.

American Dollar to Canadian Dollar = 0.737393; American Dollar to Chinese Yuan = 0.138250; American Dollar to Euro = 1.083513; American Dollar to Japanese Yen = 0.006605; American Dollar to Mexican Peso = 0.060465.

The American Trucking Associations thanked the U.S. Department of Transportation for its commitment to expanding the nation’s truck parking capacity. In a letter to ATA President and CEO Chris Spear, U.S. Transportation Secretary Pete Buttigieg pledged the Administration’s support for increasing the availability of safe parking options for America’s professional truck drivers through its Trucking Action Plan, grant funding under the Bipartisan Infrastructure Law, and increased coordination with state departments of transportation and the trucking industry.