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Chapter 24: Smith Capital(2/2)

It can even be said that it is synonymous with world currency itself.

Therefore, these two currency pairs have always been relatively stable.

Stability means low fluctuations.

The fluctuations are not big, that is, foreign exchange speculation is carried out here, and usually the profits and losses are not too large.

Generally, only large-scale black swan events will cause fluctuations in the exchange rate of this stable world-class currency.

For example, the Federal Reserve suddenly raises and lowers interest rates, or the Neon Central Bank and the European Central Bank conduct surprise operations.

"JPY/EUR, when we entered the market, the exchange rate was 98.2380."

"JPY/USD, when we entered the market, the exchange rate was 108.3210."

"And now..."

Having said this, David Mellon smiled bitterly.

"JPY/EUR is 98.2450."

“JPY/USD is 108.3560.”

"In addition, according to your instructions, all our funds were invested three days ago."

After listening to David Mellon's report, Abel nodded.

"In other words, we have lost some money now, right?"

"Yes. We've lost $64 million."
Chapter completed!
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