Chapter 76 can still go up!
Swiss currency, which had previously been stagnant and unable to rise due to the "tightening rein" imposed by the Swiss government, was now struggling to grow.
At this moment, as if it had taken a stimulant, the price candlestick chart suddenly shot up, drawing a breathtakingly steep straight line that soared into the sky!
That stance made it seem like they were about to pierce through the ceiling!
Everyone stared in disbelief, their mouths agape, as if they could fit a goose egg in them, their eyes nearly popping out of their sockets!
" The Swiss Central Bank has just announced... the abolition of the fixed exchange rate between Swiss franc and euro!!"
One of the guys watching the market shouted at the top of his lungs, his voice distorted.
"Holy crap?! No warning at all, just canceled like that? A surprise attack?!"
"It's going up...it's gone crazy! It's already 5%...7%...Holy crap! 10%!! My god, this rate of increase is like a rocket launch!!"
In an instant, all eyes in the department turned to Liang Haiyuan, as if they were looking at a fortune teller.
"What did I tell you?"
Comrade Liang Haiyuan simply grinned nonchalantly, a smile that contained three parts smugness and seven parts an expression of "everything is under control."
[News Report: Affected by the sharp rise in global risk aversion, the Swiss National Bank suddenly announced today:]
The fixed exchange rate of 1.20 Swiss franc to euro, which had been in place for three years, has been cancelled!
This move came without any warning, causing a huge shock to the global foreign exchange market, and the price of Swiss franc skyrocketed!
Meanwhile, the price of euro...
Since Friday, these Swiss people have been dragging their feet, whetting the market's appetite and causing widespread anxiety.
Finally, it exploded!
Swiss Franc, universally recognized as the most reliable brand in the world, surprised everyone with a big "surprise"—or rather, a shock!
The so-called "price ceiling" is, frankly speaking, a guarantee made by the Swiss Central Bank:
The exchange rate of 1 euro to 1 Swiss franc will never be lower than 1.20, nor will it be much higher. They are trying to maintain exchange rate stability in this way.
However, despite their meticulous planning, they overlooked one crucial point.
That is—the market's unfathomable, enormous demand, like a gluttonous beast!
It was bigger than they could have imagined!
First, the Chinese stock market crashed, followed by a debt crisis in Greece. These two chaotic events caused hot money to rush into the euro and Swiss francs as a safe haven, as if it didn't care about anything else.
In order to stabilize its own currency's precarious exchange rate, the Swiss Central Bank had no choice but to grit its teeth and keep releasing liquidity, selling Swiss francs and buying foreign currency to barely maintain that pitiful "ceiling".
Then, the last straw broke the camel's back!
The deafening explosion in the Saudi capital!
From that moment on, the dominoes began to fall in a spectacular fashion!
Seeing that Saudi Arabia, the Middle East oil giant, had been taken over, investors around the world immediately panicked!
Fearing the spread of war, many sold off high-risk assets and poured all their money into safe havens.
As a result, so much money flowed into Swiss franc that even if the Swiss Central Bank emptied its treasury, it still couldn't plug the hole!
"So, in the end, the Swiss central bank had no choice but to throw up its hands and surrender?" someone suddenly realized.
"Holy crap! That's too ruthless! Even if you're going to abolish it, you should at least give us a heads-up beforehand!"
With such a sudden attack, those hedge funds that stubbornly clung to the 'price limit order' are probably going to lose everything.
"It wasn't just them. Swiss export companies, and those unlucky importers of Swiss goods, also exploded on the spot!"
The losses are painful to even think about! It's a scene of utter devastation, a river of blood!
Logically speaking, a major policy like abolishing the exchange rate cap, which could trigger a financial tsunami, should at least be announced in advance and implemented gradually to minimize market volatility.
But this time, Swiss Central Bank, whether it was really desperate or what, didn't utter a single word and went straight for the trump card!
The bombshell caught the entire foreign exchange market completely off guard!
"This shock, in the history of the foreign exchange market, is probably second only to the subprime mortgage crisis, right?"
Liang Haiyuan said with lingering fear.
Such a large-scale shock is indeed unprecedented since the subprime crisis.
At this moment, the price of Swiss Franc has surged by a full 20%!
The key point is that this is not the end!
How much higher can it go?
This is what everyone is focusing on!
And it is precisely because of this that Su Hao, and all the employees in the department...
It's Friday, the time to get off work, but everyone's like they're on steroids, glued to their computers, too scared to even go home!
***
"President Su... how... how did you foresee this? It's simply amazing!"
"So, President Su had already predicted that those bastards in Switzerland wouldn't last long and would eventually kneel down! Right?"
"Hiss—this insight, this foresight...we mere mortals can only look up to him in the dust!"
"That's what you call vision! You have to have a long-term perspective to see through the fog and grasp the essence! Following President Su, you'll truly learn until you're old!"
In the director's office, everyone surrounded Su Hao, and flattery rose and fell incessantly.
"..."
Su Hao simply leaned back in his chair, his face ashen, and remained silent.
Sometimes, it's a little disheartening that my subordinates have such vivid imaginations.
He didn't even need to explain; they could explain the whole story and his "far-sighted planning" clearly, along with all sorts of flowery praise.
"President Su, this...this has gone up by 20%, when are we going to close the deal?"
Liang Haiyuan rubbed his hands together, his eyes sparkling with excitement, and his voice was slightly shaky.
Goodness!
20%!
In the foreign exchange market, where a 3% daily fluctuation is considered a blessing!
Now they've gone straight to 20%, which is beyond "crazy"—it's downright "inhuman"!
If they close this position now, they can make a net profit of a full billion!
A billion!
That's more money than many people could earn in several lifetimes!
Anyone else would probably be overwhelmed by the astronomical profits by now, their hands trembling and their legs weak, impatiently pressing the sell button to cash out their money.
but--
Su Hao remained as steady as a mountain, silently moving the mouse pointer to the "Sell" button, but hesitant to take any further action.
His "market sense," that kind of uncanny intuition, did not give any "sell" signal.
This means—it can still rise!
"Don't do anything yet, continue to hold."
Su Hao finally spoke, his voice not loud, but carrying an undeniable authority.