Key Currency Exchange Rates for Friday, 12/08/17

American Dollar to Canadian Dollar = 0.779492; American Dollar to Chinese Yuan = 0.150886; American Dollar to Euro = 1.164568; American Dollar to Japanese Yen = 0.008766; American Dollar to Mexican Peso = 0.052415.

The global toilet-paper market was valued at US$41.04 billion in 2024 and is projected to reach US$42.88 billion this year, further expanding to US$46.83 billion by 2033, growing at a CAGR of 4.5% from 2025 to 2033, says a new study via Business Research Insights. Toilet paper is a key part of the hygiene and personal-care market, mostly because people use it every day, and there is growing attention on the need for sanitation. Strong retail services and a desire to use premium, environmentally sustainable and thicker papers give North America and Europe dominance in this market. At the same time, Asia-Pacific, Latin America and Africa are showing steady growth because of cities becoming bigger, living standards increasing. New methods for sustainable manufacturing such as using bamboo for toilet paper and other recycled-paper options, are growing in popularity due to people’s concern for the environment.

Futures gained 1 percent in New York after rising 1.6 percent the previous two sessions. The IEA boosted its forecast on stronger-than-expected consumption in Europe and the U.S., and said that inventories of refined products are subsiding to their five-year average. A six-month extension to supply curbs from the end of March is one of the options being considered by OPEC and its allies, according to a person familiar with the matter. Oil in New York has averaged about $49 a barrel this year as efforts to drain a global glut by the Organization of Petroleum Exporting Countries and partners including Russia are stifled by rising shale output. U.S. crude inventories expanded by 6.18 million barrels last week, according to industry data, as oil processors gradually restarted following Harvey. Click Read More below for more of the story.