Reversing direction, the Swiss franc dropped against its key counterparts in early European deals on Friday.

The franc retreated to 0.9482 against the greenback and 1.2464 against the pound, from its early 2-year high of 0.9421 and a 3-day high of 1.2387, respectively.

The franc hit near a 2-week low of 113.55 against the yen, after having advanced to a 3-day high of 114.50 at 10:45 pm ET.

Reversing from an early high of 1.1388 against the euro, the franc weakened to 1.1424.

The next possible support for the franc is seen around 111.00 against the yen, 1.26 against the pound, 1.17 against the euro and 0.96 against the greenback.

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