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Inside the 2025 BIS FX survey: dollar wobbles, trading shifts and settlement risks

青空に浮かぶ雲が点在する中、金属製のドーム構造が現代的なデザインと開放的なフレームワークを際立たせております。
Eyu Bonina/Unsplash

The Bank for International Settlements’ Triennial central bank survey of foreign exchange and over-the-counter derivatives markets in 2025 shines a light on the forces shaping global FX markets. Mattias Palm, head of triReduce FX and commodities at OSTTRA, discusses the key themes emerging from the September 2025 results – from the dollar’s dominance and FX hedging during volatile periods to the ongoing challenge of settlement risk.

Download the interview with Mattias Palm

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