Dollar Strengthens Against Major Currencies Amid Middle East Tensions

The dollar has gained strength against most currencies during the Asian trading session, driven by potential liquidity demands arising from Middle East conflicts. According to ChainCatcher, Vishnu Varathan, Head of Macroeconomic Research at Mizuho Securities, suggests that the prevailing 'cash is king' sentiment may bolster the dollar's buying advantage. This trend is likely to be reinforced by the greater disadvantages faced by the euro and most other non-oil currencies.