Chapter 430 Square Agreement!

Author: Jing Jing

Chapter 430 Square Agreement!

Starting from June until now at the end of August.

In the past few months, Dazang Aotakeshita has spent almost most of his time in the United States.

Not only him, the finance ministers of Britain, France, and Germany have also gathered here to discuss currency and exchange rate issues.

In fact, their frequent appearances are also giving away the media.

What wind is blowing? That is, several major economies in the world have decided to cool the US dollar.

Oh! That guy! Why don’t you stop?!

Stop selling the US dollar, otherwise don’t say you don’t expect it!

Hmm~, this is mainly for speculators in the foreign exchange market to listen to.

If you can reduce the US dollar exchange rate without spending one soldier, that would be the best.

However, things went against my expectations. During this period, the US dollar in the foreign exchange market not only did not depreciate, but instead appreciated.

Compared with the previous discounts, the people of the country have certainly purchased more of the products, which is beneficial to the United States.

The five countries are preparing to spend $18 billion to fire bullets within one month.

The three European countries were puzzled by Japan's initiative and were secretly happy.

However, no objection to the depreciation of the US dollar, but the rise in the country's currency will increase by more than less, which gives a lot of room for game.

The next game is the game between the five governments and the foreign exchange market.

A simple and crude understanding is that the amount of appreciation of the local currency against the US dollar is equivalent to a few discounts on imports of American products.

The word "Deng" in Takeshita is pronounced "noburo" in Japanese, and it is homophonic with the word "Sheng".

Since the media can’t do it, we can only take it seriously.

The speculators who oppose the United States and the United States are a part of the above-mentioned institutions.

The foreign exchange market transaction volume in 1985 is less than hundreds of billions per day.

Currency appreciation, this is a very simple math problem.

After all, discounted coupons pay attention to a relative value.

So not only did people not believe it, but instead believed that these families were harsh and weak on the inside and had poor skills.

The draft of the final square agreement stipulates that the currencies of Britain, Germany and France appreciate by 10~12%, and the neon appreciation by 10~20%.

In terms of size, there is a gap in each other's strength. Of course, the foreign exchange market is not all copying US dollars. The trading volume of hundreds of billions can only be said to be unknown to us.

However, because Neon's initiative has greatly reduced the difficulty of the game, everyone basically reached an agreement when it comes to September.

However, it is not unaware of this. Paul Volker specially added the words "orderly devaluation of the US dollar" to the agreement the day before.

But no matter what, the US dollar continues to appreciate, which is to cut off the life of the US government.

Export is not good, import is favorable. Comparing the two and one, and then combining them, it is actually not bad.

But there are many things that everyone tacitly understands, so there is no need to investigate them.

On the other hand, it is not conducive to the export of domestic goods.

"Orderly devaluation" is the key point, and it seems that the parties who signed the agreement do not lack unique wise men.

The reason why Takeshita Tou has such confidence is not only the domestic policy of "strong yen".

Speculators in the foreign exchange market have always been known for their boldness and recklessness, and the sub-district government does not take them at all.

The reason for this is that the five countries hope that speculative passengers in the foreign exchange market will stand on their side.

Especially the neon lights of Dazang Aotakeshita, she laughed so happily.

Because of these characteristics, the foreign exchange market has attracted many large banks, central banks of various countries, institutional investors, currency speculators, companies, governments and other financial institutions.

In the end, it will even lead to a transition of speculation and create another unthinkable situation.

However, the square agreement for the outside world is just a communiqué.

What is the purpose of deepening trade relations between each other, what is globalized trade a future trend, etc.

In this case, selling American fathers is better. Taking a step back can not only relieve each other's trade pressure, but also sell goods more happily. Why not do it?

But facing the thousands of traders around the world who are staring at the screen every day, the central banks of the five countries are not sure of winning.

Facing the flash of reporters, the finance ministers of the five countries all talked about the concept of globalization with a smile on their faces.

The negotiations between June, July, and August were the game between the United States and the other four countries.

However, the five countries ignored one thing: the market was never rational. The more vague the, the more likely it was to produce speculative behavior.

As mentioned earlier, the central banks of the five countries are not a sensation in the foreign exchange market, and they cannot force the US dollar to depreciate.

If you want to achieve your goal, the central banks of the five countries can only come to the forex market and compete with investors.

Therefore, Britain, France and Germany do not want their currencies to appreciate too much, after all, they are trade surpluses.

Is the big one finally coming?

The square agreement is signed, and the following is done according to the plan.

As long as the yen rises enough, it doesn’t matter if the currency in the Ushima rises a little less.

This. Neon suddenly took the initiative, which made the United States feel a little embarrassed.

So even if the appreciation is 20%, it will be 1:200. This exchange rate neon product is still quite competitive.

Because the foreign exchange market trading points are scattered, they cover several major states in Asia, Europe and the United States, and they take turns to open the market for 24 hours.

After all, according to the newspaper, only the US dollar was depreciated, while other Japanese, British, French and Germans were all promoted.

In addition, he has obtained domestic industry and commerce investigation materials, just like what he said before.

"There is no way, it will definitely rise. Who told me that my name is Deng (Sheng)?"

The proud and complacent Toshita Takeshita and the accompanying officials went to accept an interview with the media.

Two months ago, the US dollar was 1:250 against the Japanese yen, but now it has almost risen to 1:260.

History opened a new chapter as the five people raised their respective agreement texts and displayed them to the public.

As for the amount of reduction that had been discussed before, the communiqué itself did not mention it at all.

It can also be seen from this that neon is actually very happy to see the appreciation of the yen.

Unfortunately, both the United States and the other four countries did not notice these details at all.

Shirakawa Holdings and Beidu Bank must ensure that all funds in all accounts are in place before the 23rd.”

Xingtian Fengxiong, who was standing beside him, had a subtle expression, "You are talking about it."

Then the mark rose by 10% less than the yen, which means that the mark depreciated against the yen.

Because they had already been relieved in advance, everyone wrote down their names tacitly at the public signing ceremony.

Of course, this is the exchange rate change range formulated by the five countries. The specific implementation depends on market performance.

In the draft of the official agreement, the United States proposed that the currencies of the other four countries appreciate by 10% to 12% relative to the US dollar.

After several months of contact, Japan, Britain, France and Germany have basically reached a consensus on the depreciation of the US dollar and the appreciation of the local currency.

For example, both the yen and the mark appreciate against the US dollar.

Media reporters who have already received the news have caused the crowd to surround the place.

How is this possible? Other countries are not stupid.

After getting the news, Shirakawa Kaede almost jumped up excitedly.

Being able to play with memes means you are in a pretty good mood.

So this person, Dazang, played a homophone here.

The speculators who are obviously hidden in secret do not think that these countries can reach any substantial agreement.

Dog, you gave too much.

At this time, they need more speculative passengers to stand by them and jointly throw out the dollar.

But unexpectedly, in recent times of continuous communication, Neon Dazang Aitakeshita became very easy to talk about.

This will attract more foreign exchange speculative passengers to stand on the side of the five countries and then work together to fight the US dollar.

After signing the agreement, Aotake Totomi, who left the Plaza Hotel, stood at the door with his waist on his back. Looking at the many reporters below, his expression was faintly proud.

"Quick! Quick! Kuang Aini, let all the funds move.

In addition, absolute freedom is not regulated, even if government agencies want to do anything, they have to follow the rules.

As for whether there are any domestic banks or financial institutions among speculators, hehe, guess?
To be continued...