Presently, we don't view the broad basket of foreign currencies underlying our holdings as particularly overvalued or undervalued, but in general, the real yields are comparable. (hussman.net)
More specifically, pegging allows a country's currency to be exchanged at a fixed rate with a single or a specific basket of foreign currencies. (money.stackexchange.com)
Given that VEA is denominated in US dollars, but actually reflects a basket of other currencies does that mean that if the US dollar went up by 10 % against the weighted basket of foreign currencies in VEA then the ETF share price should drop by 10 % (assuming no change in the underlying value of the foreign holdings)? (canadiancapitalist.com)