Reports this morning have George Soros making a cool $60 million on his Australian dollar short in less than two days. I’ve tried to piece together the various snippets I’ve heard. He started the short building from just above 1.0300 on Monday and added around 1.0280. A short time later the rumours started. At 0430GMT on Tuesday the RBA cut its benchmark interest rate, the first move since 2012. AUD/USD slipped from around 1.0240 to below 1.0200, and thats where Soros started scaling his purchases, from just below 1.02 to 1.0165 (and thereabouts): Best thing is, it appears he made 3 similar trades. With a trader in ... (full story)