v3 Chapter 1358： Sooner or later I will be crushed to death

After intense and intense discussions, the Bank of Australia discussed a preliminary response plan.

One is to clear currencies other than the U.S. dollar and the Australian dollar. Foreign trade transactions are temporarily settled in U.S. dollars. At the same time, the national debts of the United Kingdom and the United States are sold, and U.S. dollars are returned to increase U.S. foreign exchange reserves.

The second is to increase short-term loan interest rates and increase institutional short-selling costs.

The third is to persuade New Zealand, the United Kingdom and other countries to help and fight back the shortfall.

The fourth is to ask other countries, international financial institutions and organizations such as the World Bank to borrow money to increase US dollar foreign exchange reserves.

After discussing the results, Jack Staf immediately went to the Australian Ministry of Finance to report to the Minister of Finance Paul John.

Most of these measures need to be approved and implemented at the national level.

Undoubtedly, Paul John agreed to implement these measures after consulting Prime Minister Bob Lake.

Soon, the Bank of Australia announced a new short-term lending rate, which was raised from 14.745% to 22.117%.

Seeing such a fierce response from the Australian government, some hot money was immediately discouraged.

The Bank of Australia also mobilized funds to buy Australian dollars, and the exchange rate of Australian dollars against the US dollar immediately stopped the decline.

As many short positions are sold, the Bank of Australia and the many domestic institutions that have been mobilized in Australia will take as much, and the price is that the US dollar and foreign exchange are constantly being consumed.

But the Australian dollar against the dollar exchange rate finally stabilized at 0.9135 points.

Although it has fallen from its peak, the Bank of Australia is also satisfied.

At this time, on Wall Street in the United States, something that could determine the destiny of Australia was happening.

Bridgewater Fund and Tiger Fund jointly acted as the host and invited Wall Street financial leaders who are very keen on the Australian currency market to meet and hold a forum.

Of course, the main purpose of the participants was to listen to the true attitudes of Rey Dario and Julian Robertson, so as to decide whether they should bet or how big they should be.

"Rey, the RBA's response was very intense, and it seemed to be frightened by the Canadian results."

Warrenson Pieve, vice president of Merrill Lynch, said jokingly, his eyes locked on Rey Dario's face.

Rey Dario kept smiling and said without haste: "Their response has strengthened my confidence. We just tried it out and the Bank of Australia threw such a big bargaining chip."

"Compared with future benefits, what is the interest cost at this point? The prohibitive hot money is destined to always eat **** behind."

Douglas Dwight, Bear Stearns's vice president, narrowed his eyes and said with a smile: "Benefits and risks coexist. Without the determination to win, you are indeed not eligible to enjoy the delicious big cake."

At this time, James Simmons, the president of Renaissance Technologies, pushed his glasses, looked at Julian Robertson, who had not spoken next to Rey Dario, and asked: "Julian, we are here today. , I just want to help you and make some hard work by the way. For friends, should you give us a bottom line?"

Others also focused their attention on Julian Robertson, another protagonist.

Julian Robertson smiled: "Actually, I can't predict how much we can do when we are all sitting together."

"But I know one thing, that is, Australia can never stop our union."

"When I deduced with Rey before, we both had a success rate of more than 60% for the cooperation between our two funds."

"Now here, Merrill Lynch, Bear Stearns, Lehman, GNA, Renaissance, Goldman Sachs...I can't think of a reason for failure."

"Even if it is an attack on the pound or franc, we are likely to succeed."

"How low the Australian dollar will be beaten depends entirely on you. You want to make less profit, don't you?"

"Papa..."

"Julian, you are right. As long as we all work together, we can drive more than half of Wall Street's capital to follow. Canada could not stop it before, and now Australia can't stop it."

…

In this meeting, no details were discussed, because although everyone is a partner, they are also competitors.

Australia’s cake is placed there, and how much you can eat depends on their respective strengths.

Now everyone is not sure how much money will be used to enter the market later, and they do not want to elaborate.

Anyway, the big framework has been set, and everyone has enough confidence. This is enough.

After everyone left, Rey Dario and Julian Robertson smiled at each other and decided to start the second stage of the offense.

The first stage of the tentative attack has probably known the bottom of the RBA. Through this meeting, enough helpers have been attracted. Now we must take advantage of the RBA still has money and the exchange rate has not plummeted, so we must first cash out at a high level. , Let's talk about the return of dollars.

It's time to take the burden of smashing the pan out.

If it is too late, wait until other capitals enter the market and knock down the Australian dollar exchange rate. Every point that falls is a loss!

Three billion Australian dollars were thrown in the first stage, and at this time the two funds have a total of 15.27 billion Australian dollars.

Not much to say, just one word-throw!

The two major funds began to sell Australian dollars continuously.

This second stage is not as large-scale as the first stage. It focuses on high-level shipments and consumes Australian dollar and foreign exchange. UU reading naturally controls the intensity.

Several millions of Australian dollars and tens of millions of Australian dollars were sold on a scale of tens of millions of Australian dollars, and they were continuously recovered in exchange for dollars.

Once they find that the bulls want to launch a fierce attack to regain their lost ground, the Bridgewater Fund and the Tiger Fund will fight back without saying a word. They will definitely not let the bulls get started and be sheared honestly.

After a week, although the Australian dollar exchange rate against the US dollar did not crash, it was also killed below 0.91, and the bulls gradually showed fatigue.

In the past week, the Bridgewater Fund and the Tiger Fund alone have sold up to 9.2 billion Australian dollars and returned 8.22 billion US dollars.

This dollar far exceeds the previous foreign exchange reserves of the Bank of Australia. Although most of the Australian dollars thrown by the two major funds have been eaten by long-term institutions in Australia and abroad, the foreign exchange reserves of the Bank of Australia have also consumed a lot. .

Fortunately, the New Zealand government and the British government borrowed six billion US dollars and then sold other foreign exchange to raise 4.2 billion US dollars, so that the Bank of Australia has a surplus.

But the US dollar foreign exchange reserves are only 5.38 billion US dollars.

From the 1st to the 8th, the Bank of Australia's US dollar foreign exchange reserves consumed a total of US$11.69 billion!

The Australian government is nervous.

Australian Finance Minister Paul John urgently summoned the central bank governor Jack Staff, and at the same time called a think tank to discuss, and decided to launch a fierce attack, must reverse the decline and attract international hot money to help increase the Australian dollar exchange rate.

Just rely on yourself to top, sooner or later you will be rubbed to death!

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