Euro summer could be becoming slightly cheaper, analysts say.
Late last week the Australian dollar rose to a six-month high which could mean good news for travellers, depending on where you're heading. High commodity prices in Australia were partly why its dollar reached more than 67 US cents for the first time since early January. HLM Investments Equities adviser Heath Moss told SBS News there are two other factors behind the Australian dollar's rise against the greenback.
"More broadly, the European economy has seen a decline in inflation, which means that the European Central Bank has been one of the first to cut interest rates, whereas here in Australia we're still talking about interest rate hikes. "So the Europe travel option is looking pretty good and I think we're seeing that on all our social media feeds.
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