US dollar holds firm on stronger-than-expected jobs data

Singapore

THE US dollar hovered near a one-week high against the yen on Monday, buoyed by stronger-than-expected US jobs and factory data, although the Federal Reserve's cautious policy outlook and thinned holiday trade in Asia are likely to cap further gains.

Data on Friday showed that the US economy created 304,000 jobs in January, the highest in 11 months, and above street estimates.