The Swiss franc hits a record high, boosted by trade agreement hopes and safe-haven sentiment.

The Swiss franc rose to a historic high against the Euro, as the market hopes that the United States and Switzerland will reach an agreement to reduce the 39% tariff imposed by the U.S. on Swiss goods. Media reports quote Johann Rupert, chairman of the Richemont Group, who met with Trump last week, saying that details of a potential agreement could surface as early as Friday. The Swiss franc is also boosted by its safe-haven status amid general risk aversion sentiment. Market sentiment was dampened due to uncertainty caused by the delayed release of official data after the U.S. government reopened, as well as doubts about the Federal Reserve's decision to cut rates again following statements made by policymakers. According to data from the London Stock Exchange Group, the Euro fell to a low of 0.9184 Swiss francs.