# JP Morgan: the Aussie Dollar Is Becoming a Problem - Business Insider

> JP Morgan said the Australian dollar's appreciation is becoming a problem for inflation and growth. Consumer goods import prices were very weak in the latest CPI data, and the trade-weighted index is no longer supporting services exports. The bank expects AUD strength to weigh on CPI in the third quarter.

- Date: 2017-07-26 · published 2017-07-26T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/70240-jp-morgan-the-aussie-dollar-is-becoming-a-problem-business-insider
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A persistently strong Aussie tends to pressure the RBA to stay accommodative and reduces the competitiveness of Australian exports, though it has little direct impact on feed commodity prices.

## Sources

- businessinsider.com: https://www.businessinsider.com/jp-morgan-the-aussie-dollar-is-becoming-a-problem-2017-7

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.