USD/CHF oscillates as Yellen speaks

FXStreet (Córdoba) - USD/CHF is still searching for direction as investors await clarification from Fed Chair Janet Yellen speech, after the Fed changed its language at the statement.

While the Fed said it can be “patient in beginning to normalize the stance of monetary policy”, it also said it is consistent with a “considerable time” for record low rate funds.

USD/CHF oscillated from a high of 0.9699 to a low of 0.9627 over the last minutes as Fed message is being assessed.