When the U.S. currency gains in value, the dollar value of a foreign-currency-denominated portfolio of assets decline.

Name: When the U.S. currency gains in value, the dollar value of a foreign-currency-denominated portfolio of assets decline.
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When the U.S. currency gains in value, it takes fewer dollars to buy a unit of a foreign currency. Therefore, the dollar value of a foreign-currency-denominated portfolio of assets will decrease.