Key Currency Exchange Rates for Friday, 6/24/22

American Dollar to Canadian Dollar = 0.746262; American Dollar to Chinese Yuan = 0.148696; American Dollar to Euro = 1.081597; American Dollar to Japanese Yen = 0.007780; American Dollar to Mexican Peso = 0.052911.

Continuing the pioneering trend; first to market with new technology and breakthrough sheetfed ink formulations, Flint Group today announces the global launch of its latest version UV LED process inks, XCURA EVO. ““EVO” is short for evolutionary,” explains Trevor Amps, Global Product Management Director for Energy Curing inks. “This signals a step change from our world renowned XCURA formulations which, for the past four years, have served our customers very well as an industry leader. XCURA EVO is our next generation offer to the UV LED and low energy sheetfed market, and we are very pleased to announce its global launch today.” “More and more sheetfed press manufacturers are heading their technology development with LED and low energy curing, and we see growing numbers of retro-fit conversions from lamp providers and OEMs as well,” stated Mr Amps. “Some of the main drivers encouraging commercial printers to switch to UV LED are improved efficiency, reduced energy costs and the ability to break into new markets. XCURA EVO helps to maximise all of these with its excellent flow characteristic, superb transfer and high gloss.” Click Read More below for additional detail.

Futures were steady in New York after rising 3.8 percent in the previous three sessions. Global demand will climb this year by the most since 2015, the IEA said Wednesday. OPEC on Tuesday raised estimates for the amount of crude it will need to supply in 2018 on stronger consumption from Europe and China. U.S. oil output gained last week as operations returned after Hurricane Harvey. The IEA report “was taken as confirmation of the prevalent supply-tightening narrative, that that oil surplus is slowly disappearing,” said Norbert Ruecker, head of commodity research at Julius Baer Group Ltd. Still, crude is “trading at the upper end of a fundamentally justified price range” and the “upcoming seasonal demand soft patch is set to create near-term headwinds.” Click Read More below for more of the story.