AUD/USD may have hit peak in its cycle

Forex News AUD/USD may have hit peak in its cycle with risk offshore investors may begin to unwind positions betting an RBA easing cycle is on the horizon, says CBA strategist Richard Grace. "You might get a few big players cutting their exposure to the peripheral currencies." Adds it's possible AUD has peaked, given the slowing economy and downturn in commodity prices. "It's a bit too early to be sure on that, but it's possible it has peaked in the cycle." Pair now 0.9587.