Rebirth of the Strongest Tycoon
Vol 3 Chapter 1360: Don't miss any piece of turf in Australia
In this world, most of the most elite talents in the financial industry gather on Wall Street.
This time there are many short traders who have attacked the Australian financial market, now and in the future, who have the title of "King of Wall Street".
Although the Bank of Australia’s counterattack worked, it did not scare these big bears, but aroused their ferocity.
Many big bosses ventilated each other, and they all had a common opinion. Australia is already hysterical!
If this wave is repulsed, then you can start preparing for meat cutting!
The Bank of Australia issued a ban to prevent domestic banks from lending Australian dollars to international speculators, although it blocked an important channel.
But the bears have a way!
Some speculators exchange from foreign trade companies at high interest rates, and there are always people who are not confident in the Australian dollar willing to exchange Australian dollars for US dollars.
Some speculators exchange Australian dollars through multinational banks at branches in Australia. The U.S. dollar goes to the accounts of the multinational banks, and the Australian dollar is given to international speculators.
There are speculators who directly approached central banks of various countries and used US dollars to apply for the exchange of Australian dollars held by central banks.
No matter which party is willing to work with Australia, they just want to protect their own interests.
The international speculators exchanged for these Australian dollars, and they all smashed them out, consuming the US dollars in the hands of the Bank of Australia and other bulls.
Through this model, although international speculators have some losses, as long as they can blow the Bank of Australia, all losses will be borne by Australia and many bulls!
At the same time, international speculators also opened positions to buy forward foreign exchange contracts and shorted the forward Australian dollar, demonstrating a strong determination to short sell and damaging the confidence of the bulls.
Starting at the same time as the spot and the forward, the RBA was horrified to discover that the depletion rate of US dollar foreign exchange reserves was being consumed at a faster rate than before.
During the three days from February 12th to 14th, the Australian foreign exchange market fought extremely fiercely.
Bulls and bears repeatedly compete for the top of the hill.
Half an hour ago, a wave of bullish attacks pushed the Australian dollar exchange rate to a peak of 0.9054.
Half an hour later, the Australian dollar exchange rate was knocked down to a trough of 0.8914.
The bulls then counterattacked collectively, pushing the exchange rate up to 0.9089.
...
It was repeated like this, and the fight was inexorable, and no one was willing to give in until the last minute.
The result of the concession is liquidation, and no one can afford this loss!
The Air Force, headed by the two big shorts, the Bridgewater Fund and the Tiger Fund, have gradually reduced their inventory of spot Australian dollars and forward Australian dollars, but they have more and more US dollars in their hands.
Using these U.S. dollars, the bears went crazy all over the world looking for Australian dollars, and at the same time penetrated into Australia in an all-pervasive way, trying to obtain more Australian dollars.
The bears are able to spend the U.S. dollar again and buy new Australian dollar "ammunition."
But the bulls headed by the Bank of Australia are uncomfortable. Holding a large amount of Australian dollars, they dare not let them go. The "dollar" ammunition is getting less and less, and the difficulty of obtaining "ammunition" is many times higher than that of the bears.
No way, who makes the U.S. dollar the universal currency, while the Australian dollar is not?
...
February 15th, Wall Street, USA.
"Julian, it seems that the Bank of Australia can't hold it anymore!"
Rey Dario and Julian Robertson met again and watched the Australian dollar exchange rate hit 0.8854 points at one time. Then, in the past hour, they counterattacked several times, but the highest one was 0.8925. Rey Da Leo showed the winner's smile and said to Julian Robertson.
"It's time to give the Bank of Australia one last shot!"
Julian Robertson said with a laugh.
"It's indeed time to log in."
"Think about it carefully. The Bank of Australia has worked very hard, but unfortunately there is a big gap between the strength of the bulls and ours."
"But thanks to the support of the Bright Fund's A$17.5 billion, otherwise we want to reach the current level, at least it will take four to five days!"
As Rey Dario said, he couldn't help feeling deeply.
Think about these days, the remaining A$6.07 billion held by Bridgewater Fund and Tiger Fund have all been thrown away.
Then the Bright Fund took the 14.64 billion Australian dollars of funds that were previously shorted in Australian equity, plus the funds raised by other companies, to make up 17.5 billion Australian dollars, all of which were converted into US dollars with the Bridgewater Fund and the Tiger Fund.
The 17.5 billion Australian dollars of ammunition also cost 10.4 billion Australian dollars, and now only 7.1 billion Australian dollars are left on hand.
However, in the eyes of Julian Robertson and Rey Dario, the 7.1 billion Australian dollars combined by both sides is enough to completely defeat the Bank of Australia!
After discussion, the two ventilated with other friendly forces, and then issued instructions.
Sydney time, 3:30 pm on February 15th.
The Bridgewater Fund made a list of up to 3.5 billion Australian dollars.
Tiger Fund followed closely behind, and also followed up with 3.5 billion Australian dollars.
The "two hydrogen bombs" thrown by two strategic air bombers directly detonated the Australian foreign exchange market.
At this time, Jack Stuff happened to be dispatching urgently at the Central Bank's Exchange Rate Department.
The Reserve Bank of Australia’s US dollar foreign exchange reserves are only 1.97 billion US dollars left, and it is almost out of stock.
After learning that the two orders totaling seven billion Australian dollars had been thrown out, the head of the Exchange Rate Department Eric Archie's bloodshot eyes widened and he shouted in horror: "It's over!"
"Do not……"
The president of the central bank, Jack Staf, who had barely closed his eyes for a few days, reacted even more violently~www.ltnovel.com~ His eyes went dark and he fainted. He was quickly supported by the secretary behind and called a doctor.
The Bank of Australia can't help it!
The Australian dollar bulls have also run out of ammunition.
The Australian dollar exchange rate has completely collapsed!
By 4 pm Sydney time, the Australian dollar exchange rate against the US dollar had fallen to 0.8349 points.
Except for the fluctuations in the first fifteen minutes, and the following fifteen minutes, there was a complete decline without any fluctuations.
The bulls are directly blown up, blood loss!
The Australian foreign exchange market has become an empty carnival place, trampled on wantonly.
In the evening of the same day, as soon as the news about the President of the Bank of Australia Jack Stuff fainted and was sent to the hospital for emergency treatment, the Australian people were very sad and indignant, but they could not hide their panic.
Even if it was Australian Prime Minister Bob Lake's call on television to all people to resist financial robbers, it would not help.
Capitals at home and abroad are well aware that the Australian foreign exchange market has been punctured by shorts led by Bridgewater Fund and Tiger Fund, and it will completely collapse in the next few days.
The armor of Australia's financial markets is dead.
The stock and bond markets have been exposed.
If you don’t follow up, let alone the meat, you may not even be able to drink the soup.
Global capital quickly slaughtered to Australia, holding high the butcher knife, to carry out a full range of bloodbaths on Australia.
While chanting "Tiger Fund and Bridgewater Fund are awesome", they chanted offensive slogans-don't let any piece of Australian turf be spared!
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