Calm in currency markets is causing a headache for foreign exchange traders, who are struggling to make money as major currencies trade in a tight range, and storing up trouble for investment banks relying on the sector to generate profits. With the euro trapped between $1.30 and $1.35 since January, the Swiss National Bank capping the Swiss franc. 

Investment banks tend to lump currency trading in with bond and commodities trading, without breaking out income for the various businesses. Such units as a whole contributed more than half of revenues at the top 10 investment banks in 2011, according to analytics group Coalition.

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