Currency is the top priority for a country, and the exchange rate control of the RMB has been very strict, until now, the RMB exchange rate has an offshore exchange rate and an onshore exchange rate, of which at 9:15 a.m. every working day, the central bank authorized the China Foreign Exchange Trade System to publish the central parity of the RMB exchange rate.

Then, at 9:15, the central parity of this exchange rate is actually the spot onshore exchange rate of RMB, which is limited to 2% on the day, and so far, this exchange rate is 6.3816. (The lengthy explanation has been removed, and the protagonist uses an offshore exchange rate, as you know.) ）

If the spot onshore exchange rate announced at 9:15 rises, it means that the central bank wants the RMB to depreciate, and the offshore side will also rise with the rise and sell the USD/RMB contract to make money.

The most unclear thing for a few people in Leo is that the central bank's symmetrical interest rate cuts have not depreciated the yuan, so why raise the exchange rate today? This is simply unreasonable, almost the whole world wants the renminbi to appreciate, and if you do this in China, the pressure will not be given in vain.

Only Lei Hao knows that this is actually an example of the United States cheating the world but not China, and he also used a few pieces of future information to reverse it and read many analysis reports before he could finally determine this matter.

Therefore, Lei Hao is very confident, and now there are still 2 hours before the central bank announces the central price of the RMB exchange rate, and what he has to do is to sell the contract of the US dollar against the yuan, and then sit back and wait for the RMB to depreciate, and then close the position to make a profit.

7:30 a.m., Trader's Room.

"6.5135, Lei, each point per lot is 10 yuan, you lost two points, 7 million yuan." Leo squeezed his eyes, and then saw that the exchange rate had jumped by one point, and immediately quipped: "Congratulations, you lost 3.5 million." ”

The foreign exchange market is so bullish, but in the past, it was actually more than 500,000 US dollars, compared to the base of more than 58 million, which is a loss of 1%.

"Less nonsense, before 8:30, push the list to 580,000." After getting acquainted with Leo, Lei Hao figured out this guy's habits a little, and he didn't speak very politely.

"Ok, ok, you're the boss, you have the final say." Leo shrugged his shoulders, but his eyes never took off the computer screen, and said, "Now is not a good time to increase the position, I'll take a look." ”

"Whatever you want, I'll see the number of lists then." Lei Hao also said indifferently.

The usual, boring trading work is maintained like this, Leo also according to his experience and vision, the list is listed in advance, the trading platform is also quite important to institutional customers, obviously there is a special person in charge, the transaction is very fast.

Just like that, the hour hand pointed to the number 8, and then crossed a short distance horizontally, around 8:13, Leo piled up the number of lists to more than 580,000, and then looked at Lei Hao, his eyes full of smiles.

Lei Hao gave a thumbs up, and admitted in his heart that Leo is indeed powerful, Zhao Lichen worked all night, this guy can do it in an early hour, although there may be market factors, but there is indeed a gap in ability.

"So, Lei, you can sue me now, why are you betting on the depreciation of the yuan? Judging by the current situation, it should be a horizontal trend, and there is no big news about appreciation and depreciation. Leo asked.

"What if the dollar depreciates?" Lei Hao asked rhetorically.

Leo's eyes widened suddenly, and he expressed strong surprise, "Ray, are you crazy?" How is it possible for the dollar to depreciate? ”

Is there a benefit to depreciation? Stimulating domestic consumption, improving the international competitiveness of domestic goods, and expanding employment opportunities and incomes for disadvantaged groups are all tangible benefits, and in today's economic situation, a small depreciation of the national currency will have more advantages than disadvantages.

However, the exchange rate changes of the currency, all of them are swords, depreciation and appreciation have their own considerations, one of the problems, if the world's currencies are announced to depreciate the same amount, in the foreign exchange market is nothing changed, because all depreciation is equal to all not depreciation, that is, it is equivalent to the credibility of the currency has been reduced.

Therefore, the state is a hooligan, if they need to devalue their national currency, they will shout and say you wait, brother depreciate it first, everyone come and give me a mouthful.

There is also a very important place, the value of the dollar is the credit value of the United States, the dollar is the most important currency in the world, it rarely deliberately depreciates, because the gains outweigh the losses, and even triggers the international currency depreciation race.

Leo couldn't imagine how much of a storm it would have to be if the dollar depreciated, unless...... He had to depreciate, and for good reason.

"It's Friday, and it's the first Friday of June." Lei Hao looked at Leo and said while smoking.

"I know, on the first Friday of every month, the United States will release their three numbers for the previous month: the non-farm payrolls, the non-farm payrolls and the unemployment rate." Zhao Lichen stayed up all night, but he still waited in the trading room for the arrival of 9:15.

"If these numbers are not as good as Wall Street expects, the dollar will depreciate," Leoeven said a few possibilities, and then said, "However, the expectations given by Wall Street are not high, and the market has digested these expectations." ”

"Maybe the numbers are even lower than the low expectations?" Lei Hao said with a smile: "Or, is it possible that China has smelled it in advance?" ”

"That must be ...... Ray, you're taking it for granted. Leo pointed at Lei Hao and said: "If you say that the big consortium knew in advance, I still have a little bit of faith, but China? No, the United States is the most wary of China. ”

Why the foreign exchange market is the most difficult to be manipulated, trading volume is one reason, and another reason is that the exchange rate issue is heavily related, and it is not an exaggeration to say that it involves national security, so few people in this place can do anything.

The United States can detect in advance that the number is wrong, and the dollar may depreciate, but this news must definitely be covered to death, and it would be interesting if other countries knew about it, such as a preemptive strike or something.

In Lei Hao's view, other countries may be aware of it, but they are not as bold as China, and the exchange rate control is not as strict as China's, so I made a move to show you the United States first.

Anyway, China announced the median price at 9:15 a.m. on Friday, and although you also announced it on Friday in the United States, due to the time difference, it was already 8:30 p.m. at that time.

Coming and going, it is likely that neither of the brothers has depreciated, but the miserable thing is other countries, and when the time comes, let a few economic experts come out and say that your pound and Australian dollar are Shenma, and it is beneficial to appreciate in disguise, we are quite concerned and very worried, and all kinds of hooligan methods are played.

Sino-US cooperation, good brothers, crush the world.

Lei Hao guessed so, but that was because he had future information, Leo, Yu Rong, Qin Yu and others didn't have this idea, and seeing that the exchange rate had dropped by two points, they trembled a little. (To be continued.) )