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Bernard Lietard in his book The Future of Money writes:

"Let us consider the reasons for the increase in currency speculation. The extraordinary increase in speculative activity can be explained by three changes that have occurred over the past decades:
1. Systemic change. On August 15, 1971, President Nixon abolished the gold backing of the dollar, ushering in the era of market-determined currencies. This caused a systemic change: from now on, the value of currencies could fluctuate significantly for any reason, each at its own time. The era of floating rates and a market that is beneficial for those who know how to navigate it has begun.
2. Abolition of financial state control in the 80s of the XX century. The governments of Margaret Thatcher in the UK and Ronald Reagan in the US simultaneously launched a large-scale program of financial deregulation. The Baker Plan (named after the author of the reform package, the then American Secretary of the Treasury G. Baker), passed in the wake of the debt crisis in sixteen key developing countries, imposed such deregulation on them. This measure allowed a much larger number of people and institutions to become involved in currency trading than was previously possible.
3. Technological change. Parallel to these changes, the computerization of international exchange trading created the first 24-hour fully integrated worldwide currency market, raising to new levels the speed and scale with which currencies could move around the world."
Are there any other reasons for the increase in currency speculation❓