Recently, global markets have been taking a breather.  David Fry points out on ETF Investor  that we have to keep our eyes on the dollar’s value in addition to the performance of the foreign indexes we are investing in.

iShares S&P Latin America 40 Index (ILF), a top performer this year – up 19%, was down 3.5% yesterday and 9% for the week.  iShares MSCI Pacific-ex Japan (EPP) was down 2% on Monday, 4.5% for the week and up 13% year-to-date.  Europe has seen some declines as well, iShares EMU Index (EZU) is up 16% this year, but down 2% yesterday and 3.5% for the week.

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