Chapter 522 News from New York

The Thai government announced in the early hours of yesterday morning that it would abandon the fixed exchange rate, decouple the Thai baht from the US dollar, implement a floating exchange rate system, and allow the exchange rate to float freely, abandoning the tradition of keeping a close eye on the US dollar for more than 10 years. Pen % fun % Pavilion www.biquge.info

As a result, the baht plummeted, as if an avalanche had suddenly erupted in the middle of summer. On that day, the exchange rate of the Thai baht reached as low as 32.6 baht per US dollar, depreciating by more than 30 percent......

The sweet voice of the announcer coming from the radio made Fu Zhengyi, who had already left with Ke Yayuan, turn back, pick up the latest newspaper that the little cashier had placed next to breakfast, and turn to the financial edition.

The Government of Thailand issued a strong condemnation......

Malaysia's stock market plunged after the open......

Malaysia's finance minister held a press conference at noon to announce that he would defend the value of the currency in Geint......

The Philippine peso continues to depreciate......

The Singapore government convened an emergency meeting to discuss the response......

Southeast Asian countries turn to the International Monetary Fund (IMF) for help......

Citing an analysis by a credible source at the International Monetary Fund, the International Monetary Fund (IMF) is likely to activate the 'emergency financing facility' established in 1995 to help Southeast Asian countries defend themselves against attacks on international funding......

All kinds of news are flooded in the newspapers.

However, what is revealed between the lines seems to have a sense of schadenfreude.

After flipping through all the newspapers, Fu Zhengyi slapped his head and felt very happy.

Fortunately, there are Tony Sr. in New York, Guo Jianmin in London, and Bayside Securities in San Francisco, otherwise the situation would have changed beyond recognition after just a day's delay.

Knowing that the previous layout was about to be harvested, but because he didn't know the specific results, Fu Zhengyi was a little difficult to suppress the excitement in his heart, returned the newspaper to the little accountant who was taken aback by him, and asked Ke Yayuan to go to Futian District to talk to Secretary Tian according to the previous plan, and he returned to the office alone, closed the door and sat down.

The first call, naturally, was to old Tony in New York.

"Oh my God, you need to give me a raise, you need to give me a longer vacation, you need to give me a bigger pension......"

Almost deafened by Old Tony's shouting, Fu Zhengyi hurriedly moved the microphone farther away. "Why?"

"Why? Aha! You ask me why? Listen......"

The noise and noise coming from the microphone made Fu Zhengyi feel that old Tony seemed to be in the shopping crowd of 'Black Friday'.

"Boss, I have been in the office for more than 30 hours, and all the employees have not left here, and they are excited to drink all the coffee and eat all the biscuits, which is so surprising! I thought that the Thai baht would last another week or two, but I didn't expect that the foreign exchange reserves of more than 30 billion US dollars would be exhausted in less than a month......

Excited!

It's exciting!

Although it is impossible to see the expression of old Tony, Fu Zhengyi believes that he is definitely in an extreme state of euphoria now. "Tony, are you still wearing a suit and tie?"

Old Tony was silent for a while, and then he exclaimed. "Oh, it's over!

Fu Zhengyi laughed heartily. "Hah! Remember to ask your secretary to take a picture of you before you leave the office, or I'll fire her ......"

Knowing that Fu Zhengyi was joking, he closed the wide open office door, and Tony Sr. sat back at his desk before turning to the topic. "Boss, according to the previous plan, the company closed eighty percent of its positions, and the profit as of the early hours of yesterday morning has reached three billion US dollars, and the new battlefield has also been opened up by international investors, but where the next battlefield will be chosen, and there is still a little dispute between the company's internal analysis department and the trading team......"

Noticing that Old Tony's tone had basically returned to normal, Fu Zhengyi smiled. "A little, I think it's a very different dispute, right?"

"Well, it seems that I can't hide it from you. The team led by Tang Yan believes that the floating exchange rate of the Thai baht will not immediately shake the value of the yen, and she and her team believe that it is still time to target the Philippine peso and the Indonesian rupiah, and then encircle the Singapore dollar after the victory. Other teams and analysts believe that more than half of the Thai government's foreign exchange reserves are in yen, so now is the time to launch the most fierce attack on the yen, as long as the yen is crushed by the whole of Southeast Asia and South Korea, the won will be undefendable......"

The financial turmoil that broke out in 97 years in the previous life that affected the entire Southeast Asia, the process of Fu Zhengyi was too clear, and after listening to the old Tony's explanation, he asked the other party what he thought.

Old Tony thought for a moment before he spoke. "The team managed by Tang Yan performed well in the sniping against the Thai baht, so I am biased towards her judgment, and appropriate and prudent means that the risk is reduced, so I want to improve the amount of money she manages and her status in the company......

"First the peso, then the rupiah, and finally the Singapore dollar. Tang Yan's judgment is basically in line with the original plan of the head office, if she can lead the team to the next stage of victory, promotion and salary increase are even more trivial!"

With a clear direction and goal, Tony Sr. hung up the phone and fastened his tie and put on his suit, and then walked through the still frenzied office area to the small conference room opposite his office.

Pushing the door in, old Tony saw that the conference room was still full of gunpowder, pressed his hand and motioned for everyone to continue, and sat in the corner to listen.

Tang Yan, who was speaking, just nodded slightly at Old Tony to say hello, and continued to point to the projection picture of the yen exchange rate on the small blackboard. "Ladies and gentlemen, the yen is currently at the resistance level of 113, although it is inevitable that the yen will be sniped by international funds, but Japan's foreign exchange reserves are far stronger than those of Thailand, the Philippines, Indonesia and other small Southeast Asian countries, we are the followers and assistants of the market, not the first to attack the battle builders! So don't think that the yen will collapse quickly because the Thai baht has implemented a floating exchange rate, this is unrealistic......

Tang Yan's point of view has been clearly expressed, and the team leader who is opposed to the team he manages has stood up. "Tang Yan! You still lack a sense of the overall situation! The problem now is that as long as we can defeat the yen, the whole of Asia will become our ATM...... if we do not preemptively occupy this most lucrative market, our victory in the Thai baht will be discounted, and we cannot subjectively think that the strength of a country's resistance after being sniped will be higher according to the size of its foreign exchange reserves! The Thai baht has experienced four months before and after the implementation of the floating exchange rate, and even during the period when the Thai baht exchange rate is stable, there are still many derivatives that can be operated."

All parties have their own reasons, and all parties have their own basis to support their own views, and the old Tony sitting in the corner thought to himself, if it weren't for the boss's initial judgment, how could you, who claim to be the top traders on Wall Street, seize this fleeting opportunity?

Quarrels, debates, personal attacks......

As the participants of the meeting were about to enter the chaos stage, Tony Sr. clapped his hands and walked to the main seat, and after sitting down, he motioned for everyone to be quiet.

The conference room, which was as noisy as a vegetable market, quickly fell silent.

Seventeen trading teams, eleven team leaders with the potential to become top traders, managers of the analysis department, plus three secretaries, all eyes were staring at him, and the old Tony, who had been relieved from his original excitement, said with a smile. "I know that all of you present are still in excitement and excitement, whether it is for the company or for you personally, the remarkable achievements achieved in these more than 30 hours of hard work need to be affirmed, but also worthy of celebration, I am proud of your performance and pride, and I am pleased with your efforts......"

At this point, Tony Sr. paused for a moment, taking in the expressions of everyone who was eligible to participate in this meeting, and then continued. "However, the notice of the head office has come down, Tang Yan's point of view is more in line with the plan of the head office, in view of this, she will get more funds and higher authority from today onwards!"

Tang Yan was overjoyed when she heard this, and in her excitement, she actually high-fived and celebrated with the other team leaders who supported her point of view!

The team leaders who sat across the table from the opposition to more radical views were dejected, while others looked at Tang Yan with envy.

Seeing everyone's performance, Old Tony and the others knocked on the table after their emotions stabilized, stood up and announced. "Ok! Now that the head office has made a decision, how to get more profits under the established policy will determine the thickness of the red envelopes at the end of the year for everyone here and the team managed by each of you! Remember, as an asset manager, my responsibility is to ensure the appreciation and preservation of client assets, and manage you well! And what you need to consider as a top trader is how to maximize profits and minimize risks......

Encouragement and praise, combined with appropriate material incentives, can completely motivate these trading teams to be more enthusiastic, and Tony Sr. felt a strong sense of fatigue after the meeting.

But now is not the time to rest immediately, he went to the financial office, and after getting the latest statistics, he called Fu Zhengyi and asked if the latest net value of the fund could be announced in advance, so that investors could rest assured?

Fu Zhengyi was still waiting for the news in the office of the branch, and it was a little strange after listening to it. "Why? I remember that the earliest release date of the fund's net value should have been in early August, right?"

"Carl jumped from the Trump building, and the Thai government's move in the early hours of yesterday morning liquidated the fund he managed......"

Fu Zhengyi was silent.

Tony Sr., who was holding the microphone, was silent for a moment, as if he was talking to himself, and muttered. "Carl has been in the industry for twenty-one years, and he is known for his boldness, and the stock market crash of '87 has not been able to make him admit defeat, but this time he even lost his own life......" (To be continued. )