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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%.

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