[lbreakjai]

The logic isn't flawed. If you are a European investor, then you care about the returns in your currency, and the fact is your pile of money only grew by 4%.

Inversely, as a US investor, if you invested 100€ in the eurostoxx 50, your pile of money would have grown to about $140 (20% index growth, 15% dollar debasement). It absolutely makes a difference, that's $20 more in your pocket compared to the index.

Your comparison with temperatures is wrong. Celsius and Fahrenheit are fixed units, whereas the value of currencies fluctuate.

[mlrtime]

It is flawed because it's conflating two different independent variables. It's also looking for a specific weak point where there is none, more as if it is trying to state a narrative.

If you want to talk about EURUSD then just state it.