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Foreign Bond ETFs: Considering Dollar Devaluation and Maximizing Income Stream

Would an entry point for funds like these be on a pop in the US Dollar? It would seem that if we get such a move up (even if temporary) it would be the right time to enter these. Now, the other question, for all these funds, are they just beneficiaries of loose monetary policy by their own countries? Are these funds winning b/c their own currencies are depreciating faster than the USD?