According to CoinMeta, Mark Dowding, the Chief Investment Officer of Fixed Income at Royal Bank of Canada BlueBay Asset Management, stated in a report that the money market continues to trade with low volatility. Surprisingly, foreign exchange seems to rarely be a focus of discussion at macro roundtables or other industry events held with other investors. Dowding believes that if energy prices soften, it should help the euro recover from its recent declines following the release of the results of the mid-term elections in the United States. He mentioned that the company has closed its long positions in the US dollar, increased its exposure to the Mexican peso, and, on a broader scale, still considers some emerging market currencies to be valuable. The carry yields of these currencies, relative to the level of volatility, make their risk-return prospects attractive.