11.   A low Australian dollar increases the return in domestic currency terms for commodities sold in U.S. dollars, offsetting the decline in commodity prices.

12.   A rising yen increases the return to investors who convert yen-bond income into weaker currencies.

13.   A rise in German interest rates would boost the mark by increasing the return on deposits and bonds denominated in it.

14.   A strong dollar increases the return on dollar-denominated investments, such as stocks and bonds.

15.   A stronger yen helps bonds by increasing the return to foreign investors when they convert bond income to other currencies.

16.   A stronger dollar increases returns to Japanese companies from dollar-denominated sales.

17.   A stronger yen boosts bonds because it increases the returns to bondholders who change their earnings back into weaker currencies.

18.   A stronger yen helps bonds by increasing the returns of investors who change their earnings back into weaker currencies.

19.   A stronger dollar boosts dollar-denominated assets such as U.S. Treasuries by increasing the return to investors who must convert their proceeds into weaker currencies.

20.   A stronger yen increases the return to foreign investors when they convert bond income to other currencies.