Tuesday, May 7, 2013

Soros Rumormill: Turning Tide Against Aussie $

Rumors that George Soros was planning to short the Australia dollar has taken the wind out of the robust currency, fueling expectations that the tide is turning for the Aussie dollar.

The Aussie fell 0.6 percent against the U.S. dollar late Monday on a report in the Sydney Morning Herald that bets against the currency totaling $1 billion were placed via Hong Kong and Singapore, believed to be by Soros Fund Management. CNBC has not been able to independently confirm the rumor

Read all about it at http://www.cnbc.com/id/100713329

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