The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, continues to gain ground for the third successive session and is trading at around 97.80 during the early European hours on Friday.
The UK economy remained in contraction in May, with the Gross Domestic Product (GDP) declining 0.1%, following a 0.3% drop in April, the latest data published by the Office for National Statistics (ONS) showed on Friday.
The USD/CHF pair edges higher to near 0.7980 during Asian trading hours on Friday. The Swiss Franc pair trades broadly stable in a risk-averse market mood, followed by fears of an increase in United States (US) 10% tariff blanket.