I presume currency risk is a large factor in your decision? That is particularly interesting to me, as I also do not reside in the "home of capitalism".

No, not at all.
Currencies are notoriously unpredictable, but if I had to guess I rather expect the US dollar to be strong (or stronger) for a while. That's one of the "normally expected" effects of tariffs. Maybe weaker later if the financial/economic situation deteriorates, but the future is an unknown place.

No, I'm out of the US dollar for the same reason I don't own any roubles or renminbi: I just prefer not to given that the US is now, to put it bluntly, one of the bad guys on the world stage. A faint secondary factor would be counterparty risk due to jurisdiction risk on T-bills or cash deposits at US brokers in that some change might mean I don't get my money back. I don't expect that would be a problem with the currency itself, but rather one's access to it. Nobody wants "cash" that's only good till you reach for it. I conclude that T-bills, for non-US-persons, no longer reliably meet that test.

Jim