Chapter 1358 Will Be Ground to Death Sooner or Later

After intense and intense discussions, the RBA discussed a preliminary response plan.

The first is to clear other currencies other than the US dollar and the Australian dollar. Foreign trade transactions are temporarily settled in US dollars. At the same time, the government bonds of the United Kingdom, the United States and other countries are sold, and the US dollar is withdrawn to increase the US dollar foreign exchange reserves.

The second is to increase short-term loan interest rates and increase the cost of short-selling by institutions.

The third is to persuade New Zealand, the United Kingdom and other countries to assist, and repel the bears.

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

After discussing the results, Jack Staff immediately went to the Australian Treasury to report the situation to Treasurer Paul John.

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

There is no doubt that these measures were all agreed to by Paul John after consulting Prime Minister Bob Lake.

Soon, the RBA announced a new short-term borrowing rate, which was raised from 14.745% to 22.117%.

Some hot money saw such a fierce response from the Australian government and immediately turned away.

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

As much as the shorts are thrown, the RBA and many domestic institutions that are mobilized in Australia will receive as much as they can, at the cost of a steady stream of US dollar foreign exchange being consumed.

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

Although compared with the peak, it has fallen, but the RBA is also satisfied.

At this time, on Wall Street in the United States, something happened that was enough to determine the fate of Australia.

Bridgewater Fund and Tiger Fund are co-hosts, inviting Wall Street financial leaders who are very keen on the Australian foreign exchange market to meet and hold a symposium.

Of course, the main purpose of the attendees was to listen to the true attitudes of Rey Dalio and Julian Robertson before deciding whether or not to bet and how much to bet.

"Rey, the RBA's reaction has been drastic and seems to be spooked by the Canadian outcome."

Merrill Lynch's vice president, Warrenson Pieff, quipped, his eyes fixed on Rey Dalio's face.

Rey Dalio kept a smile and said calmly: "Their response strengthened my confidence even more. We just tried it out, and the RBA threw such a big chip."

"Compared with future interests, what is this interest cost? The prohibitive hot money is destined to always eat garbage in the back."

Bear Stearns' vice president Douglas Dwight narrowed his eyes and said with a smile: "Benefits and risks coexist. If you don't have the determination to win, you really don't have the right to enjoy the delicious big cake."

At this time, James Simmons, president of Renaissance Technology, pushed his glasses, looked at Julian Robertson, who had been silent beside Rey Dalio, and asked, "Julian, we are here today. , I just want to help you, and earn some hard work by the way, as for friends, should you give us the bottom line?"

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

Julian Robertson smiled: "Actually, when we all sit together, I can't predict how far we can actually do it."

"But what I do know is that there is absolutely no way Australia can stand in the way of our union."

"When I played with Rey before, as far as our two funds cooperated, we had a success rate of more than 60%."

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

"Even if we attack the pound or the franc, we have the potential to succeed."

"How low the Aussie will be hit is entirely up to you, you want to make less profit, don't you?"

"Clap clap clap..."

"Julian, you're right, we all just need to work together,

The capital that can drive more than half of Wall Street to follow, Canada couldn't stop it before, and now Australia can't stop it. "

...

This meeting did not go into details, because although everyone is a partner, they are also competitors.

Australia's cake is there, and how much you can eat depends on your own strength.

Now everyone is not sure how much capital will be used to enter the market, and they do not want to tell the details.

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

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

The first stage of the tentative attack has roughly known the bottom of the RBA. Through this meeting, we have attracted enough helpers. Now we must take advantage of the RBA still has money and the exchange rate has not plummeted. Hurry up and cash out at a high level. , let's talk about returning the dollar.

It's time to split the burden of breaking the plate.

If it is too late, wait for other capital to enter the market and beat the Australian dollar exchange rate down, and every drop is a loss!

In the first stage, A$3 billion was thrown out, and at this time, the two funds still have a total of A$15.27 billion.

Not much to say, just one word - throw!

The two funds began to sell the Australian dollar in a steady stream.

This second stage, unlike the first stage, is not as large-scale as the first stage, focusing on high-level shipments and consuming Australia's dollar foreign exchange, naturally controlling the strength.

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

Once it is found that the bulls want to launch a violent attack to regain lost ground, Bridgewater Fund and Tiger Fund will fight back without saying a word, and never let the bulls gain momentum, just be sheared honestly.

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

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

This dollar far exceeds the foreign exchange reserves of the RBA. Although a large part of the Australian dollars thrown out by the two major funds was eaten by domestic and foreign long-term institutions, the RBA's foreign exchange reserves also consumed a lot. .

It is also fortunate that the New Zealand government and the British government combined to borrow 6 billion US dollars, and then sold other foreign exchange to raise 4.2 billion US dollars, so that the RBA still has surplus food.

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

From the 1st to the 8th, the Australian central bank's US dollar foreign exchange reserves consumed a total of 11.69 billion US dollars!

The Australian government is nervous.

Australian Finance Minister Paul John urgently summoned the Governor of the Central Bank, Jack Stave, and at the same time convened a think tank to discuss, and decided to launch a fierce attack to reverse the decline and attract international hot money to help the Australian dollar exchange rate.

Just relying on yourself to top, sooner or later will be worn to death!

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