Chapter 76: can still go up!

The Swiss franc, previously stagnant and unable to rise due to the Swiss government's restrictive policies,
was suddenly injected with stimulants. Its price chart abruptly shot up, drawing a breathtakingly steep straight line, soaring into the sky!
It looked as if it was about to shatter the ceiling!
Everyone was dumbfounded, their mouths agape, their eyes nearly popping out of their sockets!
"The Swiss...the Swiss National Bank just announced...the abolition of the fixed exchange rate between the Swiss franc and the euro!!"
A young man monitoring the market shouted hoarsely, his voice trembling.
"Holy crap?! No warning at all, just canceled like that? A surprise attack?!"
"It's...it's gone crazy! 5%...7%...Holy crap! 10%!! My god, this rate of increase is like a rocket launch!!"
In an instant, all eyes in the department turned to Liang Haiyuan, as if looking at a fortune teller.
"What did I tell you?"
Comrade Liang Haiyuan simply grinned nonchalantly, a smile that held three parts smugness and seven parts an expression of "everything is under control."
[News Report: Affected by the sharp rise in global risk aversion, the Swiss National Bank suddenly announced today:
It is canceling the fixed exchange rate of 1.20 Swiss franc to euro, which has been maintained for three years!
This move came without any warning, causing a huge shock to the global foreign exchange market, and the price of the Swiss franc skyrocketed!
Meanwhile, the price of the euro...]
Since Friday, the Swiss had been dragging their feet, building market anticipation and creating a climate of fear.
Finally, it exploded!
The Swiss franc, universally recognized as the most stable currency in the world, delivered a huge "surprise"—or rather, a shock!
The so-called "price ceiling," simply put, was the Swiss National Bank's guarantee:
The exchange rate of 1 euro to 1 Swiss franc will absolutely not fall below 1.20, nor can it go much higher. They were trying to maintain exchange rate stability in this way.
However, they overlooked one crucial factor.
That is—the market's unfathomable, ravenous demand!
It was far greater than they had imagined!
First, the Chinese stock market plummeted, followed by the Greek debt crisis. These two flurry of actions caused hot money to flood into the euro and Swiss franc as a safe haven, seemingly without regard for its own safety.
To stabilize its currency's precarious exchange rate, the Swiss National Bank had no choice but to relentlessly inject liquidity, selling Swiss francs and buying foreign currency to barely maintain that pitiful "ceiling."
Then, the final straw broke the camel's back!
The earth-shattering explosion in the Saudi capital!
The dominoes began to fall from that moment on!
With the stronghold of Saudi Arabia, the Middle Eastern oil giant, under attack, global investors panicked!
Fearing the spread of conflict, they sold off high-risk assets and poured their money into safe-haven destinations.
The result was that so much money flowed into the Swiss franc that even emptying the national treasury couldn't plug the hole!
"So, in the end, the Swiss National Bank had no choice but to throw up its hands and surrender?" someone exclaimed in realization.
"Holy crap! That's too ruthless! Even if you were going to abolish it, you should at least give some advance notice!
With such a sudden attack, those hedge funds clinging to the 'price cap' are probably going to lose everything!"
"And it's not just them! Swiss export companies and those unfortunate importers of Swiss goods are also blown up!
The losses are painful to even think about! It's a scene of utter devastation, a bloodbath!"
Logically, a major policy like abolishing the exchange rate cap, which could trigger a financial tsunami, should at least be announced beforehand, implemented gradually to minimize market shock.
But this time, the Swiss National Bank, whether truly desperate or what, didn't utter a single word and just dropped a bombshell!
The entire foreign exchange market was caught completely off guard!
"This shock, in the history of the foreign exchange market, is probably second only to the subprime mortgage crisis, right?"
Liang Haiyuan said with lingering fear.
Such a large-scale shock is indeed unprecedented since the subprime crisis.
At this moment, the price of the Swiss franc has surged by a full 20%!
The crucial point is, this is not the end!
How much higher can it rise?
This is the focus of everyone's attention!
And precisely because of this, Su Hao, and the entire department's employees...
Even though it's Friday after get off work, they're all like they've been injected with adrenaline, glued to their computers, afraid to even go home!
***
“President Su…you…how did you foresee this? It’s simply divine!”
“So, President Su predicted long ago that those Swiss bastards wouldn’t last long and would eventually kneel down! Right?”
“Hiss—this insight, this foresight…we mere mortals can only dream of such a thing!”
“That’s called vision! You need to have a long-term perspective to see through the fog and grasp the essence! Following President Su, you’ll truly learn until you die!”
In the director’s office, everyone surrounded Su Hao, their flattery rising and falling incessantly.
“…”
Su Hao simply leaned back in his chair, his face ashen, saying nothing.
Sometimes, it’s a little disheartening that his subordinates are so good at imagining things.
He didn’t even need to explain; they could already explain the whole story and his “far-sighted planning” clearly, complete with all sorts of flowery praise.
"President Su, this...this has gone up 20%! When are we going to close the position?"
Liang Haiyuan rubbed his hands together, his eyes gleaming with excitement, his voice almost trembling.
Good heavens!
20%!
In the foreign exchange market, where a 3% daily fluctuation is considered a stroke of luck!
To go straight to 20%—this isn't just "crazy," it's downright insane!
If they close this position now, they can net a full billion!
A billion!
That's more money than many people could earn in several lifetimes!
Anyone else would probably be overwhelmed by this astronomical profit, their hands trembling, their legs weak, impatiently pressing the sell button to cash out.
But—
Su Hao remained unmoved, silently moving the mouse pointer to the "Sell" button without taking any further action.
His "market sense," that inexplicable, extraordinary intuition, gave no "sell" signal.
This meant—it could still rise!
"Don't move yet, continue holding."
Su Hao finally spoke, his voice not loud, but carrying an undeniable authority.