Chapter Ninety-Nine: Lin Yu's Change! (Collect!) ）

Things in Italy are coming to an end, and Lin Yu is also starting to think about things in Canada.

Speculating on the Canadian dollar, Lin Yu had to pay attention to this matter, you must know that the group of speculators in Chicago are devils who eat people and do not spit out bones, and it is not easy to snatch food from their mouths.

Besides, Canada is not a weak country, although it has not performed much in military and political terms, and has been crushed by the United States, but Canada's economy still has a feeling that people are shining.

In particular, the strength of the Canadian dollar has made Canada's economy very stable.

Canada has adopted the Canadian dollar as the currency of Canada since 1858, and before May 2, 1962, Canada implemented a floating exchange rate, and on May 2, 1962, the Canadian government set a fixed exchange rate between the Canadian dollar and the US dollar at 1 US dollar to 1.081 Canadian dollars. On August 18, 1971, the Canadian dollar began to float again, and the Canadian government did not require that its currency be guaranteed by a minimum amount of gold and foreign exchange. With the depreciation of the United States dollar, on September 18, 1971, the exchange rate between the Canadian dollar and the United States dollar was set at 1 dollar and 0.9957 Canadian dollars according to its gold content. The Canadian dollar was exchanged against the U.S. dollar in 1974

The rate rose to a 16-year high, and the Canadian government began to limit capital outflows, while strengthening central bank intervention in the foreign exchange market. In 1981 interest rates began to rise, but the Canadian dollar exchange rate basically showed a downward trend, falling to 1.42 Canadian dollars per dollar in 1985.

After the meeting of the five Western finance ministers in September 1985, the exchange rate of the US dollar fell one after another, and the Canadian dollar continued to rise, rising to 1.3895 Canadian dollars per US dollar in 1986, 1.326 Canadian dollars in 1987, 1.2307 Canadian dollars in 1988, and 1.184 Canadian dollars per US dollar in 1989.

With 84.2% of exports going to the U.S. and 56.7% of imports coming from the U.S., Canadians are more concerned about the level of the Canadian dollar against the U.S. dollar. On January 21, 2002, the Canadian dollar hit an all-time low of $0.6192 against the United States dollar. Since then, the Canadian dollar has appreciated between 2003 and 2006. On November 27, 2004, it reached a high of $0.8506 per dollar. On June 4, 2007, the Canadian dollar hit a 30-year high against the U.S. dollar, at $0.9464 per Canadian dollar. In the world market, the Canadian dollar has been following the US dollar, but not by much. During the sharp appreciation of the Canadian dollar since 2002, the Canadian dollar began to break away from the dollar, appreciating not only against the dollar, but also against other currencies.

Lin Yu was speechless when he thought back to these situations about the Canadian dollar in his previous life. The Canadian dollar is really quite strong, and the exchange rate is basically hovering between 0.8~1.2, which makes people feel that there is an opportunity, but they can't grasp it.

It seems that the Chicago speculators have made a big investment this time. Lin Yu thought to himself.

It can be said that since 81 it has been arranged for Chicago investors to hibernate for several years, so that the Canadian dollar appreciated rhythmically little by little, in 1984, investors finally let the Canadian dollar climb higher, and in a few months the Canadian dollar exchange rate exceeded the 1 dollar to 1.5 Canadian dollar mark, until September 1985, after the meeting of the five Western finance ministers, the Canadian dollar began to recover.

The success of the Chicago speculators in speculating on the Canadian dollar was still very strange to Lin Yu.

It is said that such a strong currency as the Canadian dollar cannot be pried open so easily, and the attitude of the Canadian political axe is also very suspicious, but it is quite a blind to the growth of the Canadian dollar exchange rate, and I don't know what the Canadian political axe is doing.

It wasn't until the man finally came to power that the situation was brought under control, otherwise Canada didn't know how much more wealth would be swept away.

Lin Yu analyzed these things, and in the end what he didn't understand was why the attitude of the Canadian political axe was so ambiguous. This is something that Lin Yu has not figured out until now.

Unable to figure out the true attitude of the Canadian political axe, Lin Yu did not dare to act rashly, and could only follow the Chicago speculators to grab food. As for how much profit to earn, it depends on what you do, and if you don't get it, Lin Yu will trap them in the end.

For those people, billions of dollars can only make them a pain, not to mention anything hurtful, Lin Yu still knows a little about the strength of these consortia.

For those people, Lin Yu's 10 billion funds will not be taken into account by them.

Little by little, Lin Yu began to deduce everything that might happen when he speculated on the Canadian dollar.

As a newly rising capital tycoon, Lin Yu is also slowly learning the thoughts of those financial tycoons, and taking precautions is one of them.

If you don't win, you lose first. This is what Lin Yu wants to learn now. Only in this way will a solution be found in the dilemma.

The fate after defeat, the casualties after failure, and the consequences caused by defeat are all things that Lin Yu has to consider now.

If Lin Yu couldn't afford to gamble before, but now Lin Yu has the capital to gamble, and if he wins, he will be one step closer to his dream, and if he loses, then Lin Yu has no choice but to be a middle red third generation in China and run rampant in Yanjing City.

Lin Yu at this moment is not afraid of losing.

Although he is not afraid of losing, Lin Yu still wants not to fail as much as possible. Being a financial tycoon is Lin Yu's ideal after being reborn, for this ideal, Lin Yu has tried his best to think about some things, if he fails, Lin Yu may not mind on the surface, but he will definitely be disappointed in his heart.

And this speculation in the Canadian dollar is the first step in Lin Yu's rise, I believe that after this time, Lin Yu will have a lot more funds in his hands, and at that time, even if Lin Yu comes to the forefront, he doesn't have to worry too much about the blows of those consortia.

However, Lin Yu didn't have much interest in going to the front desk, Lin Yu's slogan was: sneak into the village, don't shoot guns!

If you can not attract the attention of others, you will not attract the attention of others, and you must be as low-key and low-key as possible, this is what Lin Yu wants.

Lin Yu hopes that he can hide behind everyone like the Rothschilds, indulge those people, and take all the wealth into his arms.

Rothschild, the family that hides behind people, although everyone knows about them, but everyone doesn't know about them.

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ps: The collection has risen slowly, and it took two days to rise by 1600 collections, which is a little slower than other books. Brothers, who haven't collected it yet, hurry up and collect it!!

Nicotine bowed and thanked him!!