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FXStreet·Nov 4, 202645 signal

Chinese Yuan: PBoC cools appreciation trend – Commerzbank

Commerzbank’s Charlie Lay and Dr. Henry Hao highlight that the People’s Bank of China raised the FX reserve requirement ratio to slow rapid CNY gains after a 13-session winning streak. They stress the move is counter-cyclical, aimed at preserving two-way flexibility rather than reversing the appreciation trend, and note USD/CNY and USD/CNH both bounced to 6.67 on the announcement.

Finance
WIRED·Nov 4, 202645 signal

The Results Are In: Voters Hate Data Centers

It was a bad night for data centers. In Ohio, Democrat Sherrod Brown, who has aired ads for months calling his opponent “the face of data centers in Ohio,” cruised to victory to flip a Senate seat. Democrat...

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