Market Highlight 24.03.2026

The USD Index fell by nearly 0,4% late on Monday after U.S President Donald Trump announced a five-day postponement of strikes on Iran’s energy infrastructure, citing “productive talks” being advanced between the two sides. The signal eased near-term concerns over further supply shocks and improved market sentiment. Brent crude slid about 12% to 98,65 USD/barrel, while major U.S equity indices ended the session up more than 1%. Market volatility is likely to persist, with price action largely revolving around oil: when crude falls, equities tend to rise - and vice versa.

Meanwhile, markets scaled back expectations for a FED rate hike in December to around 15%, down from above 25% just a day earlier. Investors are now pricing roughly a 70% probability that FED policy rates will remain unchanged throughout 2026, after the U.S Central Bank adopted a more cautious tone at last week’s meeting amid concerns that inflation pressures could intensify. Chicago FED President Austan Goolsbee said the FED may need to raise rates if conditions deteriorate and inflation moves out of control. PMI reports for manufacturing and services in Europe and the U.S, due later today, should help clarify the outlook for key sectors as they confront risks stemming from the Middle East conflict that began in late February.

In Vietnam, the USD/VND interbank exchange rate traded mostly above 26.300 yesterday, with sentiment still shaped by escalating tensions in the Middle East. The State Bank of Vietnam raised the effective trading ceiling by a further VND 5 to 26.344.

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