Thou wilt ordain peace - The word ‘peace’ here seems to stand opposed to the evils of various kinds which they had experienced in the captivity at Babylon; and to refer net only to peace, but also to prosperity, and to the continued divine favor.
For thou hast wrought all our works in us - Or rather, ‘for us’ (לנוּ lânû). It is owing to thy hand that we are saved.