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Soros Fund Management Chairman George Soros waits to deliver a speech at the Central European University in Budapest, November 3, 2011.
Soros Fund Management Chairman George Soros waits to deliver a speech at the Central European University in Budapest, November 3, 2011.
(Bernadett Szabo/Reuters)

SCOTT BARLOW

Aussie dollar set to decline whether Soros is short or not

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It’s difficult to tell which came first, Monday’s one per cent sell-off in the Australian dollar or the rumours that fabled hedge fund manager George Soros had built a $1-billion Australian ($1.03-billion) short position. Either way, the Australian currency seems set to fall against its less resource-intensive global counterparts.