Li Xiaoman sighed again: "There's nothing we can do about it. The Mexican government underestimated the strength of the short-selling institutions, but overestimated their ability to withstand risks. They believe that Mexico is likely to fail this time because their enemy is very powerful."
"I must say, you were really amazing this time, mobilizing so many hedge funds, international speculative capital, and ordinary investors! Haha, they think they made a profit, but you, the guy hiding behind the scenes, are the real master, earning much more than them!"
Chen Dong simply smiled slightly.
His achievements are not particularly remarkable; other transmigrators could achieve similar results. He simply specializes in finance.
However, Li Xiaoman's praise still made Chen Dong feel very comfortable. After all, everyone likes to be praised and respected by others.
...
August 31st.
After the foreign exchange market closed, Correns walked back to his office, plopped down in his chair, and let out a sigh of relief.
He felt a weariness; his body kept reminding him to rest, but his mind kept reminding him to hold on, as Mexico's foreign exchange market was in extreme danger and could collapse at any moment.
On the 30th and 31st, 15 billion dollars flowed out of Mexico's foreign exchange market.
In fact, it's not just foreign capital involved. Even local Mexican banks are receiving large amounts of US dollars from Mexican banks. Although Mexican banks have strict regulations on foreign exchange, they cannot prevent this speculative trading.
By the market close, Mexican banks had only a little over 600 million pesos in foreign exchange reserves. This was far from enough to support imports for more than a month, and all they could do now was let the peso float freely.
...
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