Last mentioned: Mar 26, 2026
Trump-Xi Summit
Scheduled meeting between U.S. and Chinese presidents to discuss trade and regional stability.
Market Pivot
Dollar Index hits 99.641 as CME FedWatch hike bets are trimmed to 29.4%.
Diplomatic Proposal
U.S. submits a proposal to Iran to end the Gulf conflict; Iran begins formal review.
Energy Spike
Closure of the Strait of Hormuz causes a spike in global energy prices and inflation fears.
The U.S. dollar index surged 0.5% to 99.641 as investors recalibrated expectations for a Federal Reserve pause in December, following signs of potential de-escalation in the U.S.-Iran conflict. With CME FedWatch now pricing a 70.6% probability of a policy hold, the greenback has hit multi-year highs against the yen while trade optimism grows ahead of a scheduled Trump-Xi summit in May.
CME Group has suspended trading for metals and natural gas futures and options on its Globex platform due to unspecified technical issues. The outage has frozen liquidity in key global benchmarks, including gold and Henry Hub gas, during a period of heightened market activity.