Currency viewpoints: The new global order
04 May 2026
Dollar dominance and the limits of reglobalisation
Geopolitics, trade realignment and currency politics are reshaping the global economic landscape, with important implications for investors navigating increasingly fragmented markets. In their latest article, The New Global Order, our specialist currency partner Mesirow, explore how sanctions, regional trade blocs and strategic realignments are challenging the post‑war globalisation model, while testing assumptions around US dollar dominance and global capital flows.
While the share of the US dollar in global reserves has gradually declined, Mesirow argues that no single currency is positioned to displace it, highlighting instead the emergence of a more complex, multi‑currency framework shaped by economic alignment, resilience and geopolitics. The article provides valuable insight into the concept of “reglobalisation” and what a world organised around three global currency blocs could mean for currency markets.
Read more in the full article from our specialist currency partner, Mesirow.
Mesirow is an independent financial services firm based in Chicago that provides proven capabilities in global investment management, capital markets, investment banking and wealth management. Warakirri is the exclusive representative of Mesirow in Australia.
