#EUR/CHF#

Currency markets this week are driven by middle currencies GBP/USD, AUD/USD and associated cross pairs while top and bottom currency pairs EUR/USD and NZD/USD remained trapped in tiny ranges. GBP/USD began the week above vital 1.3357 followed by Sunday's reported levels at 1.3357, 1.3441 and 1.3459.

The euro traded around its lowest since mid-February against the Swiss franc on Wednesday as the ongoing political turmoil in the EU nudged traders towards safe-haven currencies. The ECB will cut its deposit rate twice more this year, in September and December, according to a significant majority of