Originally a DJ duo composed of now-guitarist Ian Worang and Jake Fairley, Uncut was forced to change when Fairley moved to Europe to pursue a solo career. Worang built the band from the ground up, recruiting members from Toronto's indie rock scene. While their first album, Those Who Hung Hang Here, still carried a dance-rock sensibility, Modern Currencies is closer to past touring buddies like Bob Mould and Dinosaur Jr. The layered guitars make a pleasant din on tracks like "Out of Sight" and "Chain Fight," but they're overshadowed by formulaic compositions and some brutally embarrassing lyrics (see: "Kiss Me"). While it shows glimmers of potential, Modern Currencies rarely bests "mediocre."