[wbsss4412]

Define “super short term”?

1 year? 5 years? 10?

Your comment amounts to “yuan appreciation against the dollar is a sure thing”. Which in finance seems like a suspect statement.

[beaunative]

If you set USD as the base currency then there is going to be exchange, as such there will be fluctuations, so yes. Yet there is risk just holding on to USD as well, perhaps it wasn't so evident because you consider USD as the default.