The USD has become the weakest major recently on the wider than expected US current account deficit as it has looked unsustainable more than expected in the coming months putting much weights on the greenback. CHF has got further gains on the unexpected SNB rate hike last Thursday. That is beside the continued geopolitical concerns in the Middle East as Thursday Iraqi explosions which were accompanied with a rise in oil and gold prices too. EUR/USD can be fueled with good industrial and business data from Germany containing the current market sentiment this week.

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