China & U.S. Dollar Index

China: China's factory activity expanded due to stockpiling, but it is also a source of global trade imbalances and faces pressure from G7 nations regarding its industrial policies.

U.S. Dollar Index: The U.S. Dollar Index has slid due to the prospect of a deal to end the Iran war, although its dominance in global oil trade is being tested.

China: China has welcomed the interim agreement and urged for the swift reopening of the Strait of Hormuz to ensure the stability of global industrial and supply chains. Its foreign minister, Wang Yi, has called for continued efforts towards peace and stability in the Middle East.

U.S. Dollar Index: The U.S. Dollar Index posted a weaker performance against major counterparts as traders weighed shifting monetary policy signals and the implications of the US-Iran peace deal.

U.S. Dollar Index: The fall of the U.S. Dollar Index is noted as another economic challenge impacting global trade alongside the Iran war.