Mizuho Securities: Middle East Conflict Drives Dollar Strength, Liquidity Demand Rises

ChainCatcher reports that, according to Jinjing, analysts say that due to the Middle East conflict potentially triggering demand for immediate liquidity, the US dollar has strengthened against most currencies during the Asian trading session. Mizuho Securities macro research director Vishnu Waratan stated that, because of the “cash is king” mentality, the dollar may maintain a buying advantage, which could be further reinforced by the greater weakness of the euro and most other non-oil currencies.

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