According to CoinMeta, analysts at Morgan Stanley pointed out in a report that the low volatility in the G10 foreign exchange market is expected to continue in late August and early September. The data from now until the Federal Reserve's meeting in September should be in line with the Fed's expectation of keeping interest rates unchanged this year, which will help the market gradually digest the expectations of interest rate hikes. Analysts stated that given the long-term weak relationship between the Fed's policy settings and foreign exchange volatility, they expect foreign exchange volatility to face downward pressure. In addition, before the mid-term elections in the United States, Middle East risks may continue to be absorbed by the market, and August has traditionally been a relatively calm period for the market.