Why the Aussie dollar is surging

<p><a href="https://finance.thedailyaus.com.au/?modal=signup">Sign up to our finance newsletter here.</a></p> <p>The Australian dollar has surged to its highest level in nearly two years, hitting 70 US cents as the U.S. dollar collapses to a four-year low. While that's great news for overseas travellers, it comes at a complicated time: new inflation data shows prices rising faster than expected, and all eyes will be on the RBA meeting next week. On today's episode, we unpack why currencies are on the move, what's driving Australia's currency up, and the not-so-positive news at home.</p> <p>Hosts: Sam Koslowski and Billi FitzSimons<br />Producer: Orla Maher</p> <p>Want to support The Daily Aus? That's so kind! The best way to do that is to click &lsquo;follow&rsquo; on Spotify or Apple and to leave us a five-star review. We would be so grateful.</p> <p>The Daily Aus is a media company focused on delivering accessible and digestible news to young people. We are completely independent.<strong></strong></p> <p><strong>Want more from TDA?<br /></strong><a href="https://thedailyaus.com.au/newsletter/">Subscribe to The Daily Aus newsletter</a><br /><a href="https://www.youtube.com/@thedailyaus">Subscribe to The Daily Aus&rsquo; YouTube Channel</a><strong></strong></p> <p><strong>Have feedback for us?<br /></strong>We&rsquo;re always looking for new ways to improve what we do. If you&rsquo;ve got feedback, we&rsquo;re all ears.&nbsp;<a href="https://thedailyaus.typeform.com/to/D0EhJI4S">Tell us here</a>.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>