Rumours that George Soros short the AUD through the option market last Monday, meant that he could have short the AUD at about 1.04, which means he is looking at a huge trading profit.
We decided to make a small bet today as we were not comfortable given that the AUD has weaken substantially from last week.
We made a quick bet and short the AUD at 1.0240 and squared the position at 1.0188 for a trading profit of 52bps or 0.51%.
The Panthenon Investment Group 