Currency Viewpoints | Mesirow Currency

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Financial sanctions and the global dollar system

How reserve freezes, payment restrictions, and alternative networks are reshaping global finance

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Mesirow Currency Management | 1Q2026 Commentary

Currency market activity and commentary on Mesirow’s currency for return strategies

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The new global order

How sanctions, trade blocs, and currency politics are reshaping the world economy

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The macroeconomic fallout of tariffs

How trade barriers shape inflation, monetary policy, and currency markets

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Mesirow Currency Management | 4Q2025 Commentary

Currency market activity and commentary on Mesirow’s currency for return strategies

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Currency tourism - the FX effect

How exchange rates influence global travel decisions

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Currency Outlook 2026

The FX market for 2026 will be shaped by central bank policy divergence, foreign relations, and AI investment.

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The new currency wars

Soros, stablecoins, and what yesterday’s currency crisis reveals about tomorrow's digital collapse.

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Mesirow Currency Management | 3Q2025 Commentary

Currency market activity and commentary on Mesirow’s currency for return strategies.

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Monetary futures: Stablecoins leap ahead of CBDCs

China, India and the EU press on with CBDCs, but the US bets big on private crypto innovation.

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The quiet engine of global risk

How carry trades shape and shake markets

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Don't let FX erode your gains

Embedded currency exposure in a portfolio can detract from risk-adjusted returns. Investors should assess how currency exposure impacts their portfolios and consider strategies to manage this risk as a means of enhancing overall portfolio outcomes.

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Argentina's $40 billion lifeline

Bailout or bet—can US dollars stabilize a collapsing peso?

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Local Extrema Predictor (LEAP)

A machine learning-based market regime detection and mean reversion strategy

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Managing risk with FX futures

Hedging and speculation with currency futures - understanding the basics

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Stablecoins prepare to enter mainstream payments

President signs legislation to regulate payment stablecoins, but how stable are they?

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Mesirow Currency Management | 2Q2025 Commentary

Currency market activity and commentary on Mesirow's currency for return strategies

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Are we too dependent on this FX benchmark?

FX benchmark prices are critical for global commerce, investments, and trading, but is there a hidden risk in your favorite FX rate?

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Spot and forward rates

Knowing how these rates work, when they're appropriate and their typical uses can lead to smarter financial decisions for importers, travelers or investors.

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Should a nation manage its currency?

Free float vs managed float currency exchange rates: which one is better?

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US Dollar: Currency Dynasty

The currency composition of official foreign exchange reserves has changed significantly over the past 25 years. How did the USD ascend and can it hang on to its dominance?

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Nothing lasts forever

From 1999 to the end of 2024, dollar holdings as reserve currency declined by about thirteen percentage points. Crises and competition challenges USD hegemony as the dominant foreign exchange reserve. How much longer will dollar dominance last?

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Safe haven currency hedging

Why do US and Swiss pension funds use different currency risk strategies?

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Mesirow Currency Management | 1Q2025 Commentary

Currency market activity and commentary on Mesirow's currency for return strategies

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Mesirow Currency Management | 4Q2024 Commentary

Currency market activity and commentary on Mesirow's currency for return strategies

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Understanding currency quotes

Learning how exchange rates are presented and what they signify can offer a clearer view of the economic trends and market forces shaping currency values.

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The powerful and wide-ranging effects of currency exchange rates

Keeping an eye on currency trends and information can explain the "why" of economic events that have life-altering consequences for people and nations.

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Currency Outlook 2025

Inflation, the US election, geopolitical uncertainty and FX volatility were major themes in 2024. What might we see in 2025?

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Four strategies to reduce liquidity management stress

Identifying the appropriate liquidity management approach for a currency overlay is a key risk consideration.

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China's new payments system threatens US financial leadership

US delay to issue a central bank digital currency could have geopolitical implications.

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Stablecoins: Cryptocurrencies with a pegged price

Designed to overcome price volatility and pegged to a single asset or combination of assets, stablecoins aim to become a mainstream medium of exchange.

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Mesirow Currency Management | 3Q2024 Commentary

Currency market activity and commentary on Mesirow's currency for return strategies

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Presidential candidates entice voters with expensive tax breaks

Will tariffs and higher taxes be enough to pay for these benefits? Not even close.

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Mesirow Currency Management | 2Q2024 Commentary

Currency market activity and commentary on Mesirow's currency for return strategies

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The US national debt burden

The debt level is approaching its 1946 historic high. Will it take a collapse in the bond or FX market before we take action?

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Rapid payments speed money through the financial system; economic growth follows

Billions of dollars in transaction savings and economic output. Rapid payment systems pay off.

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US debt is headed to unimaginable levels

Since 1990, debt crises have erupted periodically. How could the rising US debt affect the USD? What can be done?

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The Gold Standard

After the Great War, the world attempted to relive gold's glory years. It didn't work.

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T+1 and foreign investors

US securities markets have moved from a settlement period of two days after trading (T+2) to one day (T+1). This change also affects the FX settlement process. What should foreign investors do?

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Cryptocurrencies make room for tokenization

Distributed ledger technology fosters digitization of just about everything

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Mesirow Currency Management | 1Q2024 Commentary

Currency market activity and commentary on Mesirow's currency for return strategies.

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Tokenized gold

Tokenized gold works by digitizing ownership of actual physical gold, making it tradeable on a distributed ledger. Will investors rush to this 21st century treasure?

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Can a US rapid payment system take off?

The benefits of rapid payments (financial inclusion, connectivity, shelter from economic sanctions) have many nations interested in establishing a rapid payments system. Can the US replicate the success of other nations?