US dollar advances against major currencies amid Middle East conflict, all you need to know

The US dollar has shown trends of steady increase against major currencies like the Euro and Yen, at a time when the conflict in the Middle East is rising. As Israel launched an attack against Iran, with a retaliatory attack expected, the US dollar stayed strong, gaining 0.3% to 143.88 against the Japanese yen and 0.1% to 0.8110 franc against the Swiss currency, according to a Reuters report. 

Israel and Iran are currently in a