Chapter 549: Peso Plummets!
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was smashed by several truckloads of 100 dollar bills, and Han Xuan was in a particularly good mood.
Seeing the fat thief's eyebrows, he secretly stuck out his tongue from time to time to lick the lollipop in the miniba, and as if he didn't see it, he handed it a whole stick.
This made Fat Ding a little panicked.
His expression was suspicious, he didn't dare to eat, he raised his hair and stepped back, his eyes wide open, ready to run away at any time.
After acquiring a 30 percent stake in Bloomberg News, Han Xuan never called Michael Bloomberg once to dispel the suspicion that he would interfere with the company.
But now the time has come to have to fight.
At nine o'clock, Han Xuan personally called Mr. Bloomberg to put all the news about Mexico on the headlines of today's terminal and downgrade the rating.
Michael Bloomberg didn't think long before agreeing to the request of the company's majority shareholder.
After asking the assistant to collect the recent movements of the Snow Mountain Investment Company in Mexico, Rao was a long-time shopping mall and accustomed to seeing strong winds and waves, and he couldn't help but gasp when he saw the shocking figure of $7 billion.
swept away the previous contempt for Han Xuan.
The person who can make such a big gamble is definitely not an ordinary person......
Mexico City.
In an ordinary café on Avenue Aleman, several men in suits and leather collars were enjoying breakfast, and there were no other customers, only them here.
Holding an umbrella, Anthony walked slowly to the front of the café.
He is the face of Snow Mountain Investment Company, so his hair is not messy and his suit does not have any wrinkles.
Even if you are stepping on the water now, you feel like you are standing in the center of the stage, and the people walking by the roadside are like being in two worlds.
Looking up at the wooden sign hanging in the doorway, and after confirming that it was correct, Anthony raised his leg and walked up the steps.
He put away his umbrella and handed it to the greeter, and gave him a fifty-dollar tip, "Please help me dry it." ”
"Yes sir.
You're looking for someone, aren't you?
"No, I see that. ”
Anthony replied to the waiter, pushed open the glass door and walked in.
A middle-aged man in his forties, who was about the same age as Anthony, beckoned and shouted, "This way!
Long time no see, Anthony!"
"yes, it's been more than four years.
You're still the same, Jamie. Anthony stretched out his hand and smiled.
Jamie, whose full name is Jamie Burr, is a hedge fund manager at Chase Manhattan Bank.
The bank belonged to the Rockefeller family and would later be renamed Chase Bank.
Anthony shook hands with the five people present and found that there were people from Merrill Lynch, BlackRock Group, Standard Chartered Bank, and First Bank of Chicago.
He suddenly understood what Jamie had called him in the morning for.
The liberal exchange rate policy has been officially implemented, and now Mexico is like a lamb to the slaughter.
What needs to be done now is to sharpen a good knife that can kill it.
It is impossible to collapse the Mexican exchange rate system with the financial resources of one person alone, and they intend to concentrate their efforts and divide the cake together.
It is not surprising that commercial banks play an important role in the currency exchange business, and their foreign exchange departments can also use their savings for business investment.
Mexico's recent predicament, anyone with a discerning eye can see, is simply the best target to start.
After discovering that someone had taken out a large loan of pesos and converted them into dollars, the bank itself came to the door and sought cooperation.
In fact, they can play a very important role, as long as one bank takes the lead in selling pesos, it is enough to make other banks follow suit and set off a wave of selling.
Overnight, the peso depreciated by 15%, plus the government retained a floating range of 4%, and the actual depreciation of the peso was as high as 16.78%!
Some time ago, there were a lot of large sell orders for pesos 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, and the people who are interested in the Bank of Mexico have noticed it, but they don't pay much attention to it, and it is only regarded as a normal currency exchange transaction.
Mexico's foreign exchange reserves, as a result of these large exchanges, have plummeted to nearly $20 billion, a red line that the government can afford.
In the past two years, Britain was overwhelmed by the hedge fund led by Soros and international travel funds with foreign exchange reserves of more than $20 billion.
These actions made President Sedillo's aides feel that the funds were unreliable, and then prompted the president to make up his mind to devalue the peso and develop industry.
After the $7 billion loan was converted into US dollars again, due to handling fees and exchange rate fluctuations, only $6.879 billion was left after it arrived, that is, Han Xuanping lost 121 million for no reason before.
To this end, last week Anthony again used $300 million, deposited in Goldman Sachs and Morgan, as a margin, to let them relent.
However, when the Mexican government announced the devaluation tonight, the $6.879 billion has earned Han Xuan $1.15 billion, which is why he was in such a good mood in the morning!
Many investment institutions have smelled the danger signals, and now in the global market, countless people are borrowing large amounts of pesos, waiting for the opportunity to sell them for dollars, waiting for it to depreciate again.
But there are not many pesos left outside, so they can only pick up some leftovers and prepare to short the pesos on the international financial markets (IMM).
Prospective investors reached out to the Brazilian Republic, which has close ties to Mexico.
Because in South America, only the Brazilian stock market has a shorting mechanism, and if you want to do it in other countries, there is no way.
They are now watching from the sidelines, waiting for the real predators to do it.
At this time, these financial giants have gathered to this small café on Aleman Boulevard.
The number of people who arrived, more than twenty in five minutes, knew each other well.
found that Anthony, who had left Fidelity Fund Company and was "good" and a small boss, was also mixed in.
and someone he knew before, quipped: "What's the matter, I'm bored at Snow Mountain Investment Company, and I changed jobs again?"
Anthony placed the business card case on the table and motioned for whoever wanted to take it himself.
He can be described as high-spirited now, crossing Erlang's legs, smiling and shaking his head, but did not speak.
Many of these people are existences that he needs to look up to when he was in Fidelity Fund before.
Now, as long as he remembered that he had a loan of nearly seven billion pesos in his hand, a stream of heat rushed up from his heart and warmed his whole body.
The rotten coffee, which was originally dismissive, tastes good at this time.
A round-faced old man named Soros arrived belatedly, his eyes scanned the audience, and he was the first to extend his hand to Anthony......
Ten o'clock sharp.
The Mexican Stock Exchange is open as usual.
Before the trader could fully wake up, he received a sell order worth $70 million, and he was suddenly excited.
All the phones rang in unison as if they had been promised in advance.
That's a very good sign.
Foreign capital began to flee!
The stock market was the first place where the crisis occurred, and those who wanted to invest in the Mexican stock market had to exchange dollars for pesos.
Now that money has depreciated by more than 10 percent in an instant, as long as people who don't make 17% from the stock market, without exception, they have lost money inexplicably, who can stand it?
At the banks, thousands of investors lined up.
Use your stock market account as collateral, borrow pesos from the bank, and quickly convert the pesos into dollars.
The Bank of Mexico, which is responsible for stabilizing foreign exchange, found that the exchange rate of the peso, which was already 16.78% less, fell by 0.43% in an instant fifteen minutes after the market opened!
Silly Mexicans.
They are full of expectations, thinking that it is only due to the panic of some investors, and it will be fine later.
Those who come to mortgage do not refuse, and all cash on the spot.
As a result, in just one and a half hours, Mexico's foreign exchange reserves have lost $1.7 billion, and they are still decreasing!
Thousands of miles away at Gambo Sea Ranch.
Han Xuan opened a bottle of 1947 Cheval Cheval wine, worth $100,000, raised his glass, and smiled at the passing Ernner butler, "Have a drink?"
"Did anything good happen?" asked the old butler curiously.
"Well, I'm going to get rich" (To be continued.) )