Recently, Australia's central bank cut interest rates to a record low, seeking to be more competitive in the global economy.
The Reserve Bank of Australia, or RBA, lowered the benchmark cash-rate target to 2.75%, expressing concern that the Australian dollar remains close to 30-year highs. According to the Economist Index, the Australian Dollar is 12% overvalued and is crippling the nation's manufacturers and exporters.
In this short video, I'm going to share with you the rumored trades that Geroge Soros made on the AUD . It is believed that he pocketed $60 million on these trades in just 36 hours. I will show you using our Trade Triangle technology just how you would've beat George to the punch.
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Adam Hewison
President, INO.com
Co-Creator, MarketClub
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