Market analysis: The Swiss Franc is expected to rise due to the US-Swiss trade agreement.

Given the prospect of a trade agreement between the US and Switzerland, the Swiss Franc rose to its highest level in nearly a week against the Euro. President Trump stated on Monday that he is working with Switzerland to reach an agreement to reduce the 39% tariffs imposed on Swiss goods by the US. While Trump has not yet reached an agreement on the new tariff rate, media reports suggest it could be around 15%. This would be the "best outcome in a difficult situation, creating a situation similar to that between the EU and the US," said Michael Pfister of Deutsche Bank in a report. If the Swiss government reaches an agreement that does not include industry-specific tariffs, then "policymakers can pat themselves on the back."