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 [email protected]. 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