European Session – Dollar comes under pressure after soft US data; oil falls ahead of Doha meeting
Posted on April 15, 2016 at 2:48 pm GMTIt was a strong week for risk assets but sentiment turned sour by the time the US session came around on Friday. Markets took on a cautious mode ahead of risk events over the weekend with important meetings of oil producers in Doha and an IMF meeting in Washington. Consequently investors took the opportunity for some profit-taking. Meanwhile, a series of US data today disappointed and the US dollar came under selling pressure against yen to fall to 108.80 yen. [..]