Australian pension funds are considering adjusting their US dollar asset strategy.

As investors' confidence in the growth of the US economy weakens, the $2.7 trillion Australian pension industry is reconsidering whether to continue holding US dollar assets long-term or even in USD. The high uncertainty of US economic policies and other factors have caused the US dollar to not reflect its safe haven currency characteristics. Australian currency trading institutions have noticed that some Australian pension fund companies, while not making significant strategic adjustments, have a demand for hedging US dollar asset risks. Cameron Sisterns, head of the multi-asset division in the Asia Pacific region 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 it is worth continuing to hold those assets.