Stanley Druckenmiller spoke at the Ira Sohn hedge fund conference today. He said to avoid commodities, and short the Australian dollar. He also doesn’t like Brazil and South Africa (because of commodity slowdown).
His old boss, George Soros was rumoured to have made $60million short the aussie over the RBA decision Tuesday:
How George Soros Made $60 million in just over 18 hours
- He expects the RBA to lower interest rates even further
- “We think the Australian dollar…will come down and will come down hard,”
More: Druckenmiller: Investors Should Short Australian Dollar
