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Chapter 342 - 342 331 Plaza Accord
Chapter 342 - 342 331 Plaza Accord
?Chapter 342: Chapter 331 Plaza Accord Chapter 342: Chapter 331 Plaza Accord Wu Ziyue was having dinner at home when suddenly the phone rang; he immediately put down his chopsticks to answer. Hearing what the person on the other end said, he was startled and asked, “What did you say?”
The person on the other end said, “Just now, Island Country, America, and three other countries signed the ‘Plaza Accord’ at the RB Plaza Hotel, stipulating that the Japanese Yen and the Mark must appreciate significantly. You need to hurry back to the company.”
Snapping back to reality, Wu Ziyue replied, “Okay, I’ll head back to the bank now.”
Seeing him hastily grab his briefcase, Wu Ziyue’s wife quickly handed him his coat to put on. As he was putting on his shoes, she took some bread from the refrigerator, packed it in a bag, and handed it to him.
As Wu Ziyue waited for the elevator, he munched on the bread while thinking about Lu Jiaxin’s contract. Although he hadn’t stopped Lu Jiaxin from using such high leverage, he had already sentenced her to death. A mere three percent fluctuation in the exchange rate would blow her position, leading to total loss—who could have predicted such an accord would emerge.
At this moment, Wu Ziyue was extremely relieved he had reported back; Lu Jiaxin must have received the news in advance and then decided to use such high leverage to short. However, the timing was just perfect. Today was Sunday, the markets were closed, and with the accord, the greenbacks/Japanese Yen rate was sure to fall when the markets opened tomorrow. Miss Lu was going to make a fortune on this trade.
Nie Zhan also got the news in the shortest time possible. He immediately called his broker on Wall Street, instructing him to short greenbacks/Japanese Yen with all the money in his account; then, he turned around and called the big bosses at Worldwide Precious Metals and Standard Chartered, moving all the money in his accounts to short greenbacks/Japanese Yen.
Having arranged all these matters, Nie Zhan called Lu Jiaxin to ask how much money she had on hand, “Give me your money, I’ll invest it for you.”
Forex trading is also a form of financial investment, albeit with higher risks; usually, it’s done with extra cash.
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