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South Korea's Central Bank hikes rates
The dollar's price has risen to approach its highest level in eight days after the release of inflation data that showed a slight improvement, leading to concerns about continued pressure on the US currency. Meanwhile, oil prices continued their decline for the fifth consecutive day, as the Bank of Korea raised interest rates to curb inflation. Additionally, the price of 24-karat gold in the UAE reached around 558 dirhams per gram. There are expectations of reshaping the global wage landscape, with Switzerland leading the list of countries with the highest purchasing power. Profit margins for major industrial companies in China have increased over seven months, reflecting an improvement in economic performance.
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