Currency Insights Library
We are an independent currency management specialist delivering innovative, customized solutions to institutions globally.
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Access our research and observations
From global currency management to technology and emerging markets risk, our team of currency specialists demonstrate their market expertise across global publications and in thought leadership work.
Viewpoints
USD as Argentina's new currency?

Peso today, dollar tomorrow. Facing triple-digit inflation, Argentina considers a currency change.
Learn moreFutures overlays for investors

Hedge Share Class Investors Grapple with Shorter (T+1) Security Settlement Cycle.
Learn more3Q2023 Currency Commentary

Examination of 3Q2023 market activity and Mesirow’s currency for return strategies.
Learn moreAn armed war and a currency battle

Dollar dominance be damned! Russia tries to trade in other currencies with so-so results.
Learn moreUSD and the BRICS threat

Sanctions on Russia lead to a call for a new currency to compete with the USD. Is a common currency likely?
Learn more2Q2023 Currency Commentary

2Q2023 currency market activity and commentary on Mesirow's currency for return strategies.
Learn moreTurkey’s currency crisis

Lira plummets and President Erdogan calls inflation the ‘mother and father of all evil’.
Learn moreT+1 securities settlement cycle

Same-day security settlement is moving closer to reality. Is the FX market ready?
Learn moreFX settlement risk and CBDCs

Foreign exchange trades settle two days after trading. Could they settle in 30 seconds?
Learn moreShielding your investment

Uto Shinohara outlines benefits of active currency hedging for European investors.
Read articleCentral bank digital currencies

Nations are rushing to launch CBDCs. Will the U.S. be a leader or a laggard in the digital currency race?
Learn moreUSD as global reserve currency

Crises and competition challenges USD hegemony as the dominant foreign exchange reserve.
Learn moreUS dollar: Currency dynasty

How did the USD come to be the world's reserve currency, and is its position safe?
Learn more2023 currency outlook

The delicate relationship between tightening and recession hangs in the balance as we enter 2023.
Learn moreInflation and currency

With inflation surging, investors question its effects on investments globally.
Learn moreFX perspective companion

MCM takes a look at the effect of Coronavirus pandemic on the Dollar Spot Index.
Learn more2022 Currency Outlook

Inflation, the Fed, and the US dollar. DXY v. yields, cryptocurrencies, and inflationary pressure.
Learn moreCurrency to diversify risk

Currency can be an ideal way to diversify risk within traditional portfolios.
Learn more2021 Currency Outlook

2020 will be remembered for the market implications related to COVID-19, Brexit, and the US election.
Learn moreIn the news
T+1 creates headache for FX trades

Faster securities settlement increases FX risk as brokers work through the challenges of achieving simultaneous equity and currency trades.
Learn morePension funds look to currencies

Some portfolio managers worry about upside in equities and fixed income and look to currency strategies to boost overall returns.
Learn moreUSD slips as market eyes Fed action

Economic data (and still high inflation) has led some banks to forecast three additional rate hikes from the Fed in 2023.
Learn moreFXPA names Mesirow as newest member

The Foreign Exchange Professionals Association (FXPA) represents the collective interests of the institutional FX industry.
Learn moreLessons learnt from COVID

A reflection on the Coronavirus pandemic’s lasting impact and influence on currency markets and lessons to take into the future.
Learn moreCurrency Manager of the Year 2022

For the third year in a row, MoneyAge has named Mesirow Currency Management its Currency Manager of the Year.
Press releaseESG factors & currency strategies

Joe Hoffman, Mesirow Currency Management CEO, speaks on ESG factors for an FX strategy at the 2021 ASI conference.
Learn moreMesirow Currency expands PM team

Mesirow Currency Management hires Marcin Bednarczyk from Russell Investments. Bednarczyk will focus on investment strategy and PM functions.
Press releaseFX hedgepool - matching platform

Peer-to-peer matching platform FX HedgePool targets the FX swaps market and asset managers' month-end hedging activity.
Learn moreFX trading during COVID

Foreign exchange traders are transacting millions from their living rooms as currency markets adapt to a new normal.
Learn moreCurrency exposure & pension funds

A look at how Europe’s pension funds can take advantage of currency exposure and minimise the risks associated with it.
Learn moreFX and the Big Bang Theory

As electronic trading went mainstream, it created an explosion of growth in the market. But has this growth run out of steam?
Learn moreA currency resurgence

After losing popularity following the crash in 2008, currency is undergoing a resurgence with investors considering it as a source of alpha.
Learn moreMesirow Currency expands team

Aaron Wham and Mike Emambakhsh, PhD have joined the firm’s Currency team; establishing the group’s presence in Seattle and London.
Press releaseFX Global Code of Conduct

An honest discussion about the challenges associated with implementing the Global FX Code of Conduct.
Learn moreThe buy side and the FX Global Code

Much has been made of the low buy side sign up to the FX Global Code, but numbers are growing as more managers sign the pledge.
Learn moreMCM acquires global alpha team

Mesirow announced an agreement to acquire assets of The Cambridge Strategy (Asset Mgt) Ltd, a UK-based currency alpha investment firm.
Press releaseCurrency Manager of the Year

European Pensions awards Mesirow Currency Management their Currency Manager of the Year Award at their annual ceremony in London.
Learn moreBest execution in foreign exchange

Taking a more pragmatic approach to the ongoing process of aligning new regulations with client goals and expectations.
Learn moreResearch
A currency guide for investors

The impact currency has from the perspective of risk providers & return generators.
Learn moreExchange rate changes and ESG

Predicting exchange rate changes using country environmental, social, and governance ratings.
Learn moreEM risks for U.S. investors

Examining currency risk in an EM international equity portfolio from the perspective of a USD based investor.
Learn moreEnhancing ESG portfolio returns

Could currency alpha help enhance the return to risk ratios of an ESG rated equity or bond fund?
Learn moreMesirow Intelligent Carry Factor

Why having an adaptable carry strategy is important in a time of risk aversion.
Learn moreAccessing currency returns

A methodology for constructing three "intelligent" currency beta factors based on popular trading styles.
Learn moreCLS delivers lowers costs, lowers risks

MCM examines the benefits of Continuous Linked Settlement (CLS) from the trading desk perspective.
Learn moreCurrency hedging v. not hedging

A look at the advantages of currency hedging from the point of view of a U.S. investor.
Learn moreInnovation
COVID-19, economy and currencies

MCM analyzes COVID-19's economic impact on currencies and presents a predictive model utilizing COVID-19 indicators for FX trading signals in this extensive work.
Learn moreData visualisation & FX trading

Does more data mean better models? Not for neural network-based FX trading. This paper explores a qualitative approach to training deep neural network FX strategies.
Learn moreESG for systematic FX trading

This work highlights our incorporation of ESG data into our systematic FX trading strategies utilizing an in-house pipeline for data acquisition, cleansing, restructuring, and standardization.
Learn moreFeatured in European Pensions

MCM explains how fusing signals generated from 'micro' and 'macro' deep neural networks (DNNs) can alleviate the effects of various issues common with DNNs.
Learn moreMCM on Moneyage podcast

MCM's Richard Turner and Mike Emambakhsh, PhD, discuss currency opportunities for asset managers as well as detailing their work with machine learning and FX models.
ListenDeep neural networks

Using historical spot rates, MCM's neural network models address the challenges that traditional machine learning techniques can face when modelling financial time series.
Learn moreTalking FX algorithms

MCM discusses their role as agent and fiduciary, their technology and trading infrastructure, and the importance of selecting the right algo execution strategy in order to fulfill client orders.
Learn more