Article in the Australian Financial Review asks: Did Soros just score $60m shorting the $A? (gated)
If media reports are to be believed, billionaire investor George Soros has raked in more than $18 million from a single $1 billion punt on the Australian dollar ahead of Tuesday’s Reserve Bank of Australia rate cut.
“Best of all, it appears the 82-year-old American pulled off the deal three times, all with difference foreign exchange brokers in Asia, for a tidy profit of almost $US60 million,”
60 million is a bit of handy pocket money for Mr. Soros
