At 3 am ET Friday, Zurich-based KOF Swiss Economic Institute is due to release its leading indicator figures. The leading index is expected to fall to 94.7 in January from 98.7 in December.

Ahead of the data, the franc dropped against its major rivals.

The franc was worth 0.9256 against the greenback, 1.0495 against the euro, 1.3948 against the pound and 127.30 against the yen as of 2:55 am ET.

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