Chapter 549 The peso plummeted!
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Han Xuan was in a particularly good mood after being smashed by several trucks of 100 US dollars.
Seeing the fat Ding's eyes, he secretly stretched out his tongue to lick Xiaobali's lollipop, and instead handed it a whole piece.
This made Fat Ding a little frightened.
His expression was shocked and suspicious, and he didn't dare to eat. He raised his hair and stepped back with his small steps, opened his eyes wide, ready to escape at any time.
After acquiring 30% of the shares of Bloomberg News, Han Xuan never called Michael Bloomberg once to eliminate the other party's doubts about being afraid of intervening in the company.
But now it is time to have to fight.
At around nine o'clock, Han Xuan personally called Mr. Bloomberg to put all the news about Mexico on the headlines of today's terminal and lower the pesos rating.
Michael Bloomberg didn't think about it for long and agreed to the company's major shareholder's request.
After asking his assistant to collect the recent movements of Snow Mountain Investment Company in Mexico, even Bloomberg, who has been in the mall for a long time and has seen strong winds and waves, couldn't help but suck in the shocking figure of 7 billion US dollars.
Scan the previous contempt for Han Xuan in one go.
People who can do such a big bet are definitely not ordinary people...
Mexico City.
In an ordinary cafe on Aleman Avenue, several men in suits and leather collars were enjoying breakfast, and there were no other customers, only them here.
Anthony held an umbrella and slowly walked to the front of the cafe.
He is the storefront of Xueshan Investment Company, so his hair is not messy and his suit has no wrinkles.
Even now, I am standing in the water, and I am like standing in the middle of the stage and walking by the roadside, as if I am in two worlds.
He looked up at the wooden sign hanging at the door, and after confirming that it was correct, Anthony raised his leg and walked up the steps.
He put away the umbrella and handed it to the welcome guest, and gave him a tip of fifty dollars, "Please help me dry it."
“Okay sir.
Are you here to find someone? They are here."
"No, I saw it."
Anthony answered the waiter and pushed open the glass door and walked in.
A middle-aged man in his forties who was about the same age as Anthony waved and shouted: "Here!
Long time no see, Anthony!”
“Yes, it’s been over four years.
You're still the same, Jamie." Anthony reached out and smiled.
Jamie's full name is Jamie Burr, and hedge fund manager at Chase Manhattan Bank.
This bank belongs to the Rockefeller family and its name will be changed to Chase Bank in the future.
Anthony shook hands with the five present and found that there were people from Merrill Lynch, BlackRock Group, Standard Chartered Bank, and Chicago No. 1 Bank.
He suddenly understood what Jamie called him in the morning for.
The free exchange rate policy has been officially implemented, and now Mexico is like a lamb to be slaughtered.
What you need to do now is to sharpen a good knife that can kill it.
It is impossible to destroy the Mexican exchange rate system by relying on one person's financial resources. They plan to concentrate their efforts and divide the cake together.
It is not surprising that commercial banks appear here. They play an important role in currency exchange business. The foreign exchange trading departments of these banks can also use savings for commercial investment.
Anyone with a discerning eye can discover that Mexico's dilemma has been in recent times, and it is simply the best goal to start.
After discovering that someone had a large loan of pesos and exchanged them into US dollars, the bank came to him and sought cooperation.
In fact, they can play a very important role. As long as banks take the lead in selling pesos, it is enough to allow other banks to follow suit and set off a wave of selling.
Overnight, the peso depreciated by 15%, and coupled with the government retaining a floating range of 4%, the actual peso depreciation range was as high as 16.78%!
Some time ago, there were many large orders for selling pesos to US dollars in Mexico, and the amount exchanged by Han Xuan alone was as much as 7 billion US dollars.
However, the timeline is relatively long and it is completed in dozens of times. People who are interested in Mexican Bank have noticed it, but they do not pay much attention to it and only regard it as a normal currency exchange transaction.
Mexico's foreign exchange reserves, due to these large exchanges, have plummeted to nearly 20 billion US dollars, and have reached the red line that the government can bear.
In the past two years, the UK was defeated by the hedge funds and international hot money led by Soros, with more than 20 billion US dollars in foreign exchange reserves.
These actions made President Sediciu's aides feel that hot money is unreliable, which prompted the president to make a decision to devalue the peso and develop industry.
After the $7 billion loan peso, it was converted into US dollars again. Due to the fluctuations in handling fees and exchange rates, only US$6.879 billion was left after receiving it. In other words, Han Xuanping had lost 121 million for no reason.
To this end, Anthony once again spent $300 million last week to deposit it in Goldman Sachs and Morgan as a margin to make them feel heart-wrenching.
However, when the Mexican government announced its depreciation tonight, the $6.879 billion had already earned $1.15 billion for Han Xuan. This is why he was in such a good mood in the morning!
Many investment institutions have heard dangerous signals. Nowadays, countless people are borrowing large amounts of pesos in the global market, waiting for the opportunity to sell them to exchange them for US dollars, waiting for it to depreciate again.
But there are not many pesos outside, so they can only pick up some leftovers and instead prepare to short the pesos on the international financial market (imm).
The foresighted investors reached out to the Brazilian Republic, which is closely related to Mexico.
Because in South America, only the Brazilian stock market has a short selling mechanism, and there is no way to do it in other countries.
They are now watching and waiting for the real giants to take action.
At this time, these financial giants gathered at this small cafe on Aleman Avenue.
The number of people coming exceeded twenty in five minutes, and they were familiar with each other.
I found out that Anthony, a guy who has left Fidelity Fund, has also been mixed with a little boss.
He joked with someone he knew before, "Why, I'm bored at Xueshan Investment Company and have changed jobs again?"
Anthony placed the business card box on the table and signaled to the person he wanted to take it himself.
He was now full of energy, crossing his legs, smiling and shaking his head without saying anything.
Many of these people are existences that he had to look up to when he was at Fidelity Fund.
Now, as long as you think of the nearly seven billion US dollars of pesos loan in your hand, a hot stream rushed up from your heart and warmed his whole body.
The rotten coffee that I originally disdained was also delicious at this time.
An old man with a round face named Soros came late. He glanced at the audience and took the lead in reaching out to Anthony...
It's almost ten o'clock.
The Mexican Stock Exchange opens as usual.
Before the trader could fully wake up, he received a sell order worth $70 million and was immediately shocked.
All the phones rang out at the same time as if they had made an appointment in advance.
This is a very good signal.
Foreign capital has begun to escape!
The stock market is the first place to experience a crisis. If hot money wants to invest in the Mexican stock market, it must first convert the US dollar into peso.
Now the money has depreciated by more than ten percent in an instant. As long as people who have not made 17% of the stock market will lose inexplicably without exception. Who can bear it?
On the bank, thousands of investors lined up.
Use the stock market account as collateral to borrow peso from the bank, and then quickly convert the peso into US dollars.
The Mexican Bank, which is responsible for stabilizing foreign exchange, found that the peso exchange rate, which was originally 16.78%, fell by 0.43% fifteen minutes after the market opened!
A foolish Mexican.
They were full of expectations and believed that it would be better later because of panic among some investors.
He refused everyone who came to mortgage and all of them were fulfilled on the spot.
The result is that in just one and a half hours, Mexico's foreign exchange reserves were reduced by US$1.7 billion, and it is still decreasing!
Ganbao Ocean Ranch thousands of miles away.
Han Xuan opened a bottle of 100,000 US dollars worth of 1947 White Horse Manor wine, held up his glass, and smiled at the passing Butler Elner, "Get a glass?"
"Have you encountered any good things?" the old housekeeper asked him curiously.
"Well, I'm about to get rich" (To be continued.)
Chapter completed!