The New South Wales government has drastically reduced its US dollar exposure from 75% to 14%! The US dollar bear market cycle is unfolding.

Zhtng Cijng APP huzh, odly xn nn wi'rsh zhu cizhng jgu df xujin miyun pizh chngku de jcu y di li xinzh shuy, bngqi zh ji guyu jbi de fxng rn zhngwi miyun hul jny bzu ru zu zhnbi gngzu. Gi cizhng jgu de zuxn jdng y ypn kwi jnb qing hule suwi de miyun chngq xingsh luj, qunqi tuzzhmen zhng wi migu lwi ln chx bngu, tlngp zhngf knng jx wixi miliny dlxng yj jdu prun de finng gngb zhhu migu jngj zuru h miliny jing xi zu zhnbi, zhxi yns jn chx chngxin ch zhngd yngxing, gngtng tudng miyun zuxing chngq xingsh guj. Ithe Financialnews app learned that the financial institutions in New South Wales, Australia have significantly reduced their exposure to the US dollar, which has brought significant gains. This state-owned issuer is also preparing for further weakening of the US dollar. The latest move of this financial institution further strengthens the so-called "long-term bear market logic" of the US dollar, and global investors are preparing for the continuous collapse of the "American exceptionalism" theory, the possibility of the Trump administration continuing to threaten the independence of the Federal Reserve, and the preparation for a weakening US economy and interest rate cuts by the Federal Reserve after the extremely weak non-farm payroll data. These factors continue to have a significant impact, collectively pushing the US dollar towards a long-term bear market trajectory.