The double-edged sword of a strong U.S. dollar

The U.S. dollar has surged to its highest levels in at least two years against other major currencies. But when you factor in our current inflation situation – is this good news for Americans? Plus: our immunity against this summer’s strain of COVID-19. And: President Biden heads to the Middle East. Guests: Axios' Javier David and Tina Reed. Credits: Axios Today is produced by Niala Boodhoo, Sara Kehaulani Goo, Alexandra Botti, Nuria Marquez Martinez, Lydia McMullen-Laird, Alex Sugiura, and Ben O'Brien. Music is composed by Evan Viola. You can reach us at podcasts@axios.com. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893. Go Deeper: The dollar’s "remarkable" double-edged sword The summer of subvariants At least 14 killed in mass shooting in South Africa Scoop: Biden to announce $100 million for Palestinian hospitals on Middle East trip Protesters storm Sri Lanka’s presidential palace, set prime minister’s home ablaze