How George Soros made $60m in 20 Hours
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,”
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.
Continue Reading
“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,”
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.
Continue Reading
posted by Bramesh at
4:06 PM
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