Australian pension funds consider adjusting their US dollar asset strategy.

As investors' confidence in the growth of the US economy weakens, Australia's $2.7 trillion pension industry is reconsidering whether to continue holding long-term US dollar assets. According to a report by Reuters on the 13th, factors such as the highly uncertain US economic policy have prevented the US dollar from reflecting its safe-haven currency characteristics. Australian currency trading institutions have noticed a demand for hedging US dollar asset risks among some Australian pension fund companies. The Chief Investment Officer of a pension fund company in Australia managing $139 billion Australian dollars in assets, John Pierce, said in April, "Like other funds, we are questioning our exposure to risks in the US." The Australian dollar reached a five-month high against the US dollar on the 5th of this month. Reuters data on the 13th showed that the Australian dollar has risen 3% against the US dollar so far this year. Cameron Stedman, head of the Asia-Pacific Multi-Asset Department at US Mercer Consulting, said that if the Australian dollar continues to appreciate against the US dollar, investors in Australia holding US dollar assets will have to evaluate whether those assets are worth continuing to hold. Outside Australia, funds from other regions have already started selling US dollar assets.