It should be the first time that Tyrone International has participated in this kind of operation, or to be more precise, it is the first time that the above is willing to let them know that they are involved in the trading work of the system, but it is certainly not the first time that Su Huanzhang's group of managers have known about this kind of thing.

It should be allowed to send warmth to the superiors and ask the central mother to take care of them within the rules in the future, but the transaction is such a thing, and a win-win situation is the basis for maintaining cooperation.

Wang Nuo was very sure that he couldn't play like this.

This incident has revealed a lot of information, and Wang Nuo is now 100% sure that large institutions, including the central bank, are indispensable for swap hedging in their operations in the market.

Even in this yen exchange rate movement, the central bank seems to enter the market to go long, but in fact, who can determine how many positions the central bank has wiped out through forward trading?

This kind of operation, the mode is to trade with the present self and the future self, long now, short in the future, through the hidden control of the amount of energy, to achieve the strategic purpose of affecting the market without taking too much risk, the basis is a large amount of money.

If you want to participate in this system, Tyrone International relies on the relationship network brought by the power of capital and its own red capital attributes, and Wang Nuo can only rely on ability and ...... The aura on the body.

The first factor is naturally ability, and the relationship can only be maintained if the outcome can be guaranteed after receiving the order.

"The dollar is starting to do things, too. Putting aside the miscellaneous thoughts, Wang Nuo also had this idea in his heart.

The exchange rate is a decisive factor in economic development, and now the international market is first strangling the yen, and then the euro is still standing in the depreciation channel, and the dollar is under great pressure.

It is true that the North American economy is recovering well, and the non-farm payrolls and other data are also good, but appreciation is a serious proposition.

The whole world believes that the dollar is expected to raise interest rates, but there is a high probability that the Fed will not call out a rate hike because they do not want the dollar to rise.

Many institutions have exchanged a large number of dollars for yen, killing the space for the yen to actively depreciate, which invisibly reduces the appreciation pressure of currencies other than the yen, so the People's Bank of China participated, North American institutions entered the market, and European institutions also opened their eyes and knocked on the yen.

From the perspective of conspiracy theories, at this time, the central bank gave Tyrone International a forward order, asking for a direct transaction of $4.8 billion in 2 months, which contained information worthy of attention and should be preparing for future market changes.

"Qiao, what do you think is the right price?" Wang Nuo decisively put aside Su Huanzhang and Zhao Zhonghan, and began to seriously discuss with Lujiao.

"Current price!" Jonas glanced at Su Huanzhang, and immediately showed a sneer: "If it were me, I would quote a deeper price." ”

"The euro is falling, the dollar is rising, and the cost of time is also a cost. Green also sneered: "The time cost of the funds has been occupied, and we should be compensated." ”

"The interest rate on the U.S. dollar is higher than the interest rate on the euro, and there is an interest rate differential between a euro position and a dollar position, and forward transactions are also convenient for buyers and sellers to lock in profits and losses. As an investment director, Zhao Zhonghan is not incapable, and retorted: "Positive returns are certain." ”

"Anyway, we're talking about two prices, aren't we?" Jonas looked at Su Huanzhang who didn't speak yet, and there was not much respect in his tone, but an attitude of equal communication.

Within financial institutions, there are often conflicts between front-line investment teams and administrative departments, and people like Wang Nuo and Green and people like Su Huanzhang often have conflicts of interest.

In today's matter, if Su Huanzhang is not willing to let the company bear part of the difference in points, Wang Nuo's team and the team of Green Corner may immediately turn their faces, even if Su Huanzhang gives a promise, Green and Jonas will inevitably have a little pimple in their hearts.

Now the dollar is around 0.845 against the euro, today is Thursday, this list will be roughly the weekend to determine the quote, everyone still has a lot of time to discuss the specific price.

"Joe, what do you think the dollar will do? I would like to know first of all what you think about the dollar's movements. Wang Nuo still asked Jonas.

Feeling Wang Nuo's serious attitude, Jonas also became more serious, considered it, and said: "Now the dollar has entered a weak upward channel, which is more in line with the performance of the North American economy, and giving up quantitative easing is the choice of the United States after the economic recovery has reached a certain level, and with the abandonment of QE, the pressure of interest rate hikes will also appear, and appreciation is bound to be a choice, but ......"

"We tend to think that the value of the dollar will go through a small cycle. When Jonas turned his gaze to Green, he also smiled wryly and said: "Actually, we have plans to narrow our exposure to the Australian dollar in September, because we suspect that the value of the dollar will be more volatile by that time." ”

The words of Green and Jonas startled Su Huanzhang and Zhao Zhonghan, who had no corresponding sense of smell for the market, but confirmed some of Wang Nuo's guesses.

Why is there a $4.8 billion forward trading order, Wang Nuo doubts this, and then through the speculation of market data and trends, plus the quantification of the determination of the trend depreciation of the Australian dollar, he magnified the proposition a little bit, and the speculation is ...... Data doesn't go one-sided forever.

Currency appreciation has a great impact on the economy of the host country, and from the current situation, the dollar should indeed weaken the upward channel, but what about a month later, two months later?

The appreciation of the US dollar, just the expansion of the trade deficit data of the United States, is a very significant blow, so appreciation is now a big data-driven trend, and the later hope of depreciation is a certain strategy after the appreciation reaches a certain trend.

For the motherland's central mother, Wang Nuo can be regarded as convinced, the group of foreign exchange traders may be out of some strategy, and now they are consuming their dollar positions all the time, and they are actually distressed, because ...... This is on the premise that the dollar has a high probability of going up the channel.

According to common sense, now the central mother should be holding a US dollar position and enjoying the "profitability" brought by the appreciation of the US dollar, but due to the need to ensure the safety of the foreign exchange reserve, coupled with the demand for other strategic promotions, the foreign exchange reserve structure is reducing the dollar position, so the foreign exchange reserve department decided to take a forward position.

This is actually locking in profits and losses, and it is also hoped that if the market really changes, you can backhand another cross-period, forward and other transactions, secretly really thinking a lot.

"I also tend to think that the dollar exchange rate at the end of the third quarter and the fourth quarter will be relatively variable. Wang Nuo breathed a sigh of relief.

People like Jonas and Green agree with Wang Nuo's point of view, and in addition to being relaxed, he has a little more pride in his heart.

In terms of academic qualifications, Wang Nuo obtained a postgraduate degree from Shanghai University of Finance and Economics some time ago with a thesis on "New Arbitrage Model in the Era of Negative Yen Interest Rates", but he was still 108,000 miles behind the group of people in Green Corner.

In terms of experience, Wang Nuo has been in the industry for more than a year, and Green Corner is twenty or thirty years, which is not comparable at all.

It is indeed a rare thing for both sides to think of each other at the same time.

As for Su Huanzhang and Zhao Zhonghan...... Wang Nuo suddenly had a feeling of being crushed by IQ, and at the same time, he could understand the origin of Green Corner's "low EQ style".

"Mr. Su and Mr. Zhao, I will report the difference of 10 basis points, and you can donate the money to the Thanksgiving Charity Foundation in my name, and donate it in RMB according to the exchange rate. Wang Nuo quickly cut through the mess, and after saying to Su Huanzhang and Zhao Zhonghan, he turned his head and said to Green and Jonas: "David, Joe, we need to have a meeting." ”

Discussing investment matters, the "administrative dog" went coolly, and Wang Nuo suddenly enjoyed the pleasure of "low EQ style".