Mizuho Securities: Middle East conflict drives dollar strength, liquidity demand rises

According to Jinshi reports, analysts say that due to the Middle East conflict potentially triggering a demand for immediate liquidity, the dollar strengthened against most currencies during the Asian trading session. Vishnu Varathan, head of macro research at Mizuho Securities, stated that due to the "cash is king" mentality, the dollar may maintain buying advantages, which could be further solidified by the greater disadvantages of the euro and most other non-oil currencies.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.