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Who made the money from speculating in foreign exchange losses?
Foreign exchange broker.

The main body of the foreign exchange market is multinational banking groups, such as JPMorgan Chase, Citigroup, Deutsche Bank, HSBC and other world-class banking enterprises, as well as central banks.

Apart from the central bank, the intention of these banks to hold foreign exchange is nothing more than profit, and the exchange difference earned by these market makers comes from the exchange losses of their opponents.