Before Ma Guoliang could finish speaking, Chen Dong interrupted, "Once you get there, contact the merchants first, and wait for my instructions."
"Understood." Ma Guoliang replied, then walked out, leaving Li Xiaoman completely bewildered. "Mr. Chen, you still have business in Thailand?"
"It's just a small business."
Seeing that Chen Dong was unwilling to say more, Li Xiaoman did not press him further.
The screen displays a chart showing the exchange rate of the Thai baht.
At this point, the price of the Thai baht, after opening high, had clearly fallen back, and the two sides were fiercely competing for the 25.95 level.
When this situation arose, those forex traders who were still determined to go long started to wonder whether they should run away or not, since running away at this point would mean losing all their profits.
Just then.
Chen Dong instructed, "It's our turn to enter."
"clear."
At the command, the traders who had been waiting for a long time picked up their phones and began to quote prices.
As Chen Dong's men began dumping Thai baht in large quantities—this time, the sell-off was larger than any previous one, involving hundreds of millions of baht—the baht fell another two basis points in just a few minutes, with the exchange rate dropping to 25.97 baht to 1 US dollar.
"Boss, the current spot exchange rate is 25.97, which is almost at the floating limit. In the futures and foreign exchange market, it has fallen below the 26 mark and is currently quoted at 26.03."
The trader in front of me just finished reporting the results.
The next second.
"The futures and foreign exchange markets have taken action; it's already at 26."
Everyone quickly looked away and switched the interface back to the Thai baht futures contract. Sure enough, just like the trader's quote, a long green line appeared at the top of the screen, pulling the price back to 26 almost instantly.
......
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