American Dollar to Canadian Dollar = 0.793222 American Dollar to Chinese Yuan = 0.148758 American Dollar to Euro = 1.183841 American Dollar to Japanese Yen = 0.009043 American Dollar to Mexican Peso = 0.056105

Crude in New York fell 0.4 percent as traders cashed in after yesterday’s 3.1 percent surge. The oil market is nearing the end of the “lower for longer” era with a shortage likely in 2019, trading house Trafigura said Tuesday. Turkey can “close the valves” on oil shipments from Kurdistan, Turkish President Recep Tayyip Erdogan said after the Iraqi region held a vote on independence. Oil has gained more than 10 percent this month on forecasts for rising crude demand and as members of the Organization of Petroleum Exporting Countries maintain production cuts to drain a global glut. The market rebalancing has helped flip the futures curve into backwardation, a structure where immediate deliveries of oil are more expensive than longer-dated ones, signaling strong demand. Brent prices jumped to a two-year high on Monday before retreating Tuesday. “It’s pure profit taking,” Torbjorn Kjus, oil market analyst at DNB Bank ASA said by phone. “It’s very natural. The most natural thing would be if we lose some more during the day, but so far it’s holding up almost unexpectedly well after that very large rally yesterday.” Click Read More below for more of the story.

UPM Plywood, Arctic Astronautics and Huld announce today a joint mission to launch the first ever wooden satellite, WISA WOODSATTM, into Earth’s orbit by the end of 2021. WISA Woodsat will go where no wood has gone before. With a mission to gather data on the behavior and durability of plywood over an extended period in the harsh temperatures, vacuum and radiation of space in order to assess the use of wood materials in space structures. WISA Woodsat is a nanosatellite designed and built by Arctic Astronautics, and it is based on the Kitsat educational satellite. The satellite measures roughly 10 x 10 x 10 cm and weighs one kilogram. A suite of on-board sensors, including two cameras will be used to monitor the specially coated WISA®-Birch plywood.