Asia FX gains as dollar steadies after strong U.S. jobs data; China CPI in focus

Asian currencies experienced modest gains on Monday as the dollar steadied following stronger-than-expected U.S. employment data. The U.S. Dollar Index edged down 0.1% to 102.181, after gaining 0.7% on Friday, its biggest one-day advance in five months. The greenback's rally was fueled by U.S. employers adding 165,000 jobs in October, surpassing economists' expectations, and the unemployment rate falling to 4.1% from 4.2%.

Investors are now looking ahead to U.S. consumer price figures on Tuesday, which could further strengthen expectations for tighter monetary policy. Meanwhile, China's factory-gate inflation accelerated to its fastest pace in over four years, while consumer price growth slowed, indicating an uneven recovery in the world's second-largest economy.

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