According to Jin10, Mark Dowding, chief investment officer for fixed income at RBC BlueBay Asset Management, said in a report that currency markets continued to trade with low volatility. He said foreign exchange was surprisingly rarely a focus at macro roundtables or other industry events with investors. Softer energy prices should help the euro recover recent losses following the U.S. midterm election results, Dowding said. He added that the firm had closed its long U.S. dollar position and increased its exposure to the Mexican peso. More broadly, it continued to see value in some emerging-market currencies, where carry returns relative to volatility made the risk-reward outlook attractive.