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Key Currency Exchange Rates for Friday, 7/19/24
American Dollar to Canadian Dollar = 0.729191; American Dollar to Chinese Yuan = 0.137566; American Dollar to Euro = 1.088937; American Dollar to Japanese Yen = 0.006352; American Dollar to Mexican Peso = 0.055797.
US crude rises 1.4% to 3.5-year high on Venezuela and Iran supply concerns
Crude prices strengthened on Monday, reversing course as geopolitical tensions continued to support the market and a trade war between the U.S. and China was declared "on hold." Geopolitical concerns that U.S. sanctions on Iran could curb the country's crude exports have led crude prices to trade higher in recent weeks, and the market is now weighing the possibility of additional sanctions on Venezuela following the country's presidential election. Click Read More below for additional information.