# Monetary policy space narrows as trade uncertainty weighs on FX market | Vietstock

> The US announced a 90-day suspension of most reciprocal tariffs, reducing the rate to 10% for over 75 trading partners including Vietnam. Vietnam's central bank set its reference rate at 24,854 then 24,886 dong per dollar in early April, and the dong moved only modestly.

- Date: 2025-04-12 · published 2025-04-12T12:00:00.000Z
- Category: trade · region Vietnam · magnitude medium
- Page: https://feedsoft.ai/events/25424-monetary-policy-space-narrows-as-trade-uncertainty-weighs-on-fx-market-vietstock
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The tariff pause reduces near-term trade risk for Asian buyers of US farm goods, though uncertainty about the final policy keeps currency and trade flows volatile.

## Read by commodity

- DXY: neutral
- USDVND: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-04-21 | [Tariffs add to market uncertainty \| AJOT.COM](https://feedsoft.ai/events/16954-tariffs-add-to-market-uncertainty-ajot-com.md) | -0.1% | +0.1% |
| DXY | 2025-02-03 | [Trump's trade war salvo heightens market turbulence](https://feedsoft.ai/events/26267-trump-s-trade-war-salvo-heightens-market-turbulence.md) | -0.0% | -0.6% |
| DXY | 2019-05-30 | [China Halts U.S. Soybean Purchases, While USMCA Prospects Unfold Under a new Threat of Tariffs on Mexico - Farm Policy News](https://feedsoft.ai/events/58950-china-halts-u-s-soybean-purchases-while-usmca-prospects-unfold-under-a-new.md) | -0.4% | -1.7% |
| DXY | 2019-10-11 | [Trump announces 'phase one' trade deal with China](https://feedsoft.ai/events/56427-trump-announces-phase-one-trade-deal-with-china.md) | -1.0% | -0.8% |
| DXY | 2018-08-01 | [EM ASIA FX-Most Asian currencies tread water as Fed eyed amid trade war fears](https://feedsoft.ai/events/63792-em-asia-fx-most-asian-currencies-tread-water-as-fed-eyed-amid-trade-war-fears.md) | +0.2% | +0.5% |

## Sources

- en.vietstock.vn: https://en.vietstock.vn/2025/04/monetary-policy-space-narrows-as-trade-uncertainty-weighs-on-fx-market-37-608488.htm

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