To what extent are foreign stock prices tied to currency exchange rates?
For example, if I purchase EWA which is an ETF of Australian stocks but sold in the US, will that ETF generally follow the AUD or USD? Or is it agnostic to the forex rate? Obviously there are other factors in the stock price but I just want to focus on the forex component.
Little bit of crunch time motivation for my peoples https://www.youtube.com/watch?v=b784rKhEWaE "We work and work to achieve that final kind of perfection and it doesn't come, it doesn't come, and then one day it happens. What is the reason for that? Is it simply, as it's usually explained, that we have practiced it so often that it suddenly becomes perfect? It is much more subtle than that. What happens is, that we've practiced so often, that we find out that we can't do it. And it happens at the moment you can't do it. When you reach a certain point of despair, when you know that you are the one weird child that will never be able to swim, at that moment you are swimming because the desperation and total inability to do it at all has brought you to a point which we might call "don't care." " Now just replace swim with "forex swaps" and we're on our way to passing level 2 I think?????
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