I think the way to look at currency affects on the I fund:
When the country you are invested in is doing good and prices rise, there is strength in the economy. Thus strength in economy means strength in currency. If the dollar doesn't match that strength then if the dollar falls or rises determines the value of your investment in the I fund. But currency values recently have been hard to predict how it is affecting the price of the Fund. But it is just one factor to look at the reason the fund is performing. Many factors means it is more confusing when there is deviation.
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