Soros 'makes £40m in a day' shorting Aussie dollar

Soros (pictured) is said to have bet A$1bn (£655m) against the currency, banking a profit of nearly A$60m in 24 hours, according to Fairfax Media in Australia. The Australian dollar fell sharply this week following a move by the Reserve Bank to cut interest rates to 2.75%, a quarter of a percentage point move, as it looked to halt the slowdown in the commodities sector and boost the economy. Rumours that Soros had entered the market helped push the dollar down even further over the weekend - it has fallen 1.4% against the US dollar since Sunday, the Times reports.The hedge fund vetera...