American Dollar to Canadian Dollar = 0.730693; American Dollar to Chinese Yuan = 0.136697; American Dollar to Euro = 1.058834; American Dollar to Japanese Yen = 0.006669; American Dollar to Mexican Peso = 0.054446.
https://www.x-rates.com/table/?from=USD&amount=1.00
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After jumping 2.2 percent on Monday, futures added 1 percent in New York on Tuesday. European and Asian stocks rose as President Donald Trump faced resistance to plans for a series of import tariffs, while a diplomatic breakthrough with North Korea also boosted optimism. Still, the International Energy Agency’s warning that OPEC production cuts will unleash a supply surge from the U.S. and other producers maintained a note of caution in the market. The production cuts that helped push prices above $60 a barrel are triggering a flood of supply from OPEC’s rivals including Brazil and Canada, which will cover all growth in global demand until 2020, the IEA said. The agency may also raise its forecast for U.S. output if oil stays above $60 a barrel, Birol said during the CERAWeek oil conference in Houston. Non-OPEC growth is so strong that the oil market will change for years, he said. Click Read More below for additional information.
The American Trucking Associations praised the introduction of the Modern, Clean, and Safe Trucks Act of 2021 by Senators Todd Young (R-Indiana) and Ben Cardin (D-Maryland). The bipartisan legislation would repeal the 12% federal excise tax on heavy-duty trucks, which currently adds approximately $22,000 to the cost of a new tractor-trailer. “The federal excise tax on heavy trucks is a relic from the First World War that’s now serving to keep cleaner, safer trucks off of our nation’s roads today,” said Chris Spear, president and CEO of American Trucking Associations. “By repealing this antiquated tax, Congress can deliver a win for the environment, highway safety, manufacturing jobs and supply-chain efficiency. We thank Senators Young and Cardin for their bipartisan leadership in advancing a common-sense solution to the benefit of American truckers and the motoring public.” Although technological advances have made the latest tractor-trailers cleaner and safer than ever before, the FET creates a disincentive for motor carriers to modernize their fleets by placing a punitive surcharge on investments in new equipment. As a result, the average age of a truck on the road today is nearly ten years old.
A major byproduct in the papermaking industry is lignosulfonate, a sulfonated carbon waste material, which is typically combusted on site, releasing CO2 into the atmosphere after sulfur has been captured for reuse. Now researchers at Rensselaer Polytechnic Institute have developed a method to use this cheap and abundant paper biomass to build a rechargeable lithium-sulfur battery. Such a battery could be used to power big data centers as well as provide a cheaper energy-storage option for microgrids and the traditional electric grid. Click Read More below for additional information.