Currency Insights Library
We are an independent currency management specialist delivering innovative, customized solutions to institutions globally.
For institutional investors
Access our research and observations
From global currency management to technology and emerging markets risk, our team of currency specialists demonstrate their expertise across global publications and thought leadership work.
Viewpoints
Central 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 more2022 currency outlook
Inflation, the Fed and the US dollar. DXY v. yields, cryptocurrencies, and inflationary pressure.
Learn moreFX perspective companion
MCM takes a look at the effect of Coronavirus pandemic on the Dollar Spot Index.
Learn moreCurrency to diversify risk
Currency can be an ideal way to diversify risk within traditional portfolios.
Learn moreIn the news
Global pension funds eye currencies
Some portfolio managers worry about upside in equities and fixed income and look to currency strategies to boost overall returns.
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 moreMCM 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