Key Currency Exchange Rates for Friday, 10/23/20

Futures were little changed in New York after falling 0.6 percent on Wednesday. Prince Mohammed said in an interview with Bloomberg News in Riyadh that "of course" he wanted to extend OPEC’s production cuts in 2018, making it all but certain the group and its allies will roll over the curbs at a meeting next month. Oil is holding gains above $50 a barrel as speculation mounts that supply curbs by members of the Organization of Petroleum Exporting Countries and its allies including Russia will be prolonged when they meet in Vienna on Nov. 30. In Iraq, the state oil company is working with a Kurdish firm to resume pumping at two disputed fields after government troops recaptured them from Kurdish forces. Click Read More below for additional information.

American Dollar to Canadian Dollar = 0.786569; American Dollar to Chinese Yuan = 0.154452; American Dollar to Euro = 1.212321; American Dollar to Japanese Yen = 0.009644; American Dollar to Mexican Peso = 0.050441.

What do toothpaste, perfume, soap and ink have in common? The surprising answer is turpentine. This versatile byproduct of the pulp- and paper-making process is used in a wide range of everyday products. Consider a typical day: You wake up and brush your teeth. Then you take a shower using your favorite soap. After you get dressed, you apply some makeup or a spritz of cologne or perfume. You might not have realized it, but before you left home this morning, you used a number of products that contain a special form of turpentine that Domtar makes. Your perfume’s floral fragrance and your toothpaste’s minty freshness originated as crude sulfate turpentine, a USDA-certified, all-natural and renewable byproduct of the pulp- and paper-making process. In fact, many of the scents and flavorings in products you encounter every day are derived from byproducts of the pulp- and paper-making process. Click Read More below for additional information.