The MillTech North America Corporate CFO FX Report 2025

North America firms face rising FX risk in 2025.

It’s a challenging time to be a business. A year marked by political shifts and global disruption has pushed hedging strategies to the forefront, with activity hitting a three-year high. As profits come under pressure, battling FX risk is rapidly moving up the boardroom agenda.

Our 2025 FX Report dives into the forces reshaping how North America Corporates are tackling currency risk:

• Tariff Trouble: U.S. trade policies are pressuring margins and global positioning, leading to strategic shifts in sourcing and supply chains.
• Mounting Pressures: Higher FX costs, tighter credit conditions, and the ongoing challenge of demonstrating best execution are pushing treasury teams to the limit.
• FX Gets Smarter: The manual era is ending as FX rises on the boardroom agenda. With profits under pressure, businesses are shifting towards AI for faster, smarter, and more strategic FX risk management.

Benchmark your FX strategy and discover where the biggest risks—and opportunities—lie.

 

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