Key Currency Exchange Rates for Friday, 12/23/22

You'll see the sentiment expressed in many of our AI Week articles, in other content at DMN, and even in AI-forward books like What To Do When Machines Do Everything. The human touch will still be needed. For marketing; for business in general. And that's correct. There's no doing without humans, not just for the immediate future, but possibly not at all. It's easy to agree with that, but in fact there's a very specific reason machines can't do what humans can do, and it's worth exploring what it is.

American Dollar to Canadian Dollar = 0.744646; American Dollar to Chinese Yuan = 0.137449; American Dollar to Euro = 1.059399; American Dollar to Japanese Yen = 0.006702; American Dollar to Mexican Peso = 0.057198.

Futures added 0.7 percent in New York after advancing 3.3 percent the previous two sessions. The global economic recovery has gained traction and oil de-stocking gathered pace in recent months, Barkindo said Tuesday. Producers in the U.S. Gulf have cut output by a million barrels a day, or 59 percent, because of Tropical Storm Nate, the Bureau of Safety & Environmental Enforcement said. Oil has inched higher in the past few days -- following the biggest weekly loss since May -- on signs of tighter supply. U.S. crude stockpiles probably fell by 2.4 million barrels last week, according to a Bloomberg survey before an Energy Information Administration report Thursday. Barkindo, speaking in New Delhi, said the Organization of Petroleum Exporting Countries had boosted oil-demand estimates for this year and next. “OPEC is talking to a market which is currently prepared to listen, given the visible improvements seen during the past few months,” said Ole Sloth Hansen, head of commodity strategy at Saxo Bank A/S. Click Read More below for more of the story.