The dollar was off earlier lows against major currencies but remained under pressure after weaker-than-expected US jobs data on Friday confirmed fears that the Federal Reserve could stop hiking interest rates soon. Against the yen, the US currency was just above 114 yen after earlier reaching a three-month low of 113.78. The euro meanwhile dipped just below the 1.21 usd mark after hitting a three-month peak of 1.2176 usd late Friday. The three key releases out of the US last week -- the December ISM survey on manufacturing activity, the non-farm payrolls report and the minutes to the last meeting of Federal Reserve rate setters -- all disappointed markets, pushing the dollar lower, he said. Although US data this week is "likely to be upbeat in nature", the releases come towards the end of the week. Meanwhile, momentum is likely to stay with the euro ahead of the European Central Bank meeting on Thursday and with euro-zone data looking set to be positive, Kotecha noted. Although the ECB is fully expected to leave rates on hold at 2.25 pct this week, all eyes will be on the central bank president Jean-Claude Trichet's accompanying press conference which could point to further rate hikes in the coming months.