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.


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