If the dollar keeps dropping, stocks and bonds priced in euros, yen, rubles or shekels will tend to become more valuable; anything denominated in foreign currency will then buy more dollars.

如果美元继续下行，以欧元、日圆、卢布或以色列谢克尔计价的股票和债券会变得更有价值，那么以外币计价的任何资产都将能购买更多的美元。

youdao

But most of the investors choosing emerging market debt are buying bond funds with local currency debt, rather than buying the sovereign or quasi-sovereign dollar denominated bonds that foreign countries like Brazil also issue.

FORBES: For International Investors, Non-Dollar Bonds More Popular...Again