American Dollar to Canadian Dollar = 0.824625; American Dollar to Chinese Yuan = 0.155365; American Dollar to Euro = 1.212374; American Dollar to Japanese Yen = 0.009151; American Dollar to Mexican Peso = 0.050486.
https://www.x-rates.com/table/?from=USD&amount=1.00
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American Dollar to Canadian Dollar = 0.785249; American Dollar to Chinese Yuan = 0.157918; American Dollar to Euro = 1.193254; American Dollar to Japanese Yen = 0.009150; American Dollar to Mexican Peso = 0.052048.
West Texas Intermediate futures added 0.4 percent. Iraqi Oil Minister Jabbar al-Luaibi said there’s support in the Organization of Petroleum Exporting Countries to deepen output curbs by about 1 percent. Still, Iraq has failed to deliver the supply cuts it committed to under the current agreement. U.S. refiners are delaying scheduled maintenance as they resume operations after Hurricane Harvey, supporting demand for crude.
Iraq’s suggestion “has a minor influence on prices -- if it would have come from Saudi Arabia, it would probably have had a bigger impact,” said Giovanni Staunovo, an analyst at UBS Group AG in Zurich. Click Read More below for more of the story.
Oil in New York was unable to hold its advance above $50 a barrel last week as signs of rising global supply eroded optimism that output curbs by the Organization of Petroleum Exporting Countries and its partners are rebalancing the market. Compliance with cuts was 86 percent in July, according to a Bloomberg survey. “The market has recovered strongly from its lows on signs that the market is normalizing, but further upside at this stage seems unlikely,” said Ole Sloth Hansen, head of commodity strategy at Saxo in Copenhagen. Click Read More below for additional detail.