# Dollar strength, oil surge put Vietnam’s monetary policy under strain

> Vietnam's monetary policy faces strain as the Fed held rates at 3.5-3.75% on March 18 and signalled only one cut this year. Dollar strength and oil prices have pushed the dong toward the upper trading band, with the informal market reaching VND27,700 and a trade deficit near $3 billion in early 2026.

- Date: 2026-03-26 · published 2026-03-26T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/20469-dollar-strength-oil-surge-put-vietnam-s-monetary-policy-under-strain
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Pressure on the dong and tighter Fed expectations raise the cost of dollar-denominated feed imports for Vietnam. Higher US rates also tend to weigh on commodity prices.

## Read by commodity

- DXY: bullish ▲
- USDVND: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-09-20 | [Ringgit under pressure from dollar strength and divided Fed](https://feedsoft.ai/events/57341-ringgit-under-pressure-from-dollar-strength-and-divided-fed.md) | +0.5% | -0.8% |
| DXY | 2024-10-23 | [Dollar continues strengthening versus Vietnamese dong](https://feedsoft.ai/events/28168-dollar-continues-strengthening-versus-vietnamese-dong.md) | +0.4% | +2.0% |
| DXY | 2025-01-08 | [High US Dollar Index to put pressure on Vietnamese dong in 2025](https://feedsoft.ai/events/26837-high-us-dollar-index-to-put-pressure-on-vietnamese-dong-in-2025.md) | +0.6% | -0.5% |
| DXY | 2024-11-14 | [Dollar retains strength against peers on Trump trade \| Reuters](https://feedsoft.ai/events/11853-dollar-retains-strength-against-peers-on-trump-trade-reuters.md) | -0.1% | -0.0% |
| DXY | 2024-11-11 | [Gold drops over 2% as dollar strengthens; investors await Fed policy cues](https://feedsoft.ai/events/27337-gold-drops-over-2-as-dollar-strengthens-investors-await-fed-policy-cues.md) | +0.8% | +1.1% |

## Sources

- theinvestor.vn: https://theinvestor.vn/dollar-strength-oil-surge-put-vietnams-monetary-policy-under-strain-d18701.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.