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The dollar was on pause versus other majors Friday morning in New York as traders looked forward to the pivotal monthly non-farm payroll report from the Labor Department.
Economists estimate that the U.S. economy lost 225,000 jobs in August and look for an unemployment rate of 9.5%.
Also on the radar of the traders will be the G20 finance ministers meeting in London, where the leaders will debate when to reverse the massive fiscal stimulus pumped into the economy in the wake of the global economic crisis.
The dollar remained in its stubborn range versus the euro, with traders expressing little conviction about the health of the global economy. When optimism reigns, the dollar cedes ground to its higher-yielding counterpart, but as stocks have leveled off, the buck has been able to stabilize.
The dollar traded at 1.4262 approaching 8 am ET, staying away from its 2009 low of 1.4446.
Versus the sterling the dollar eased a bit, slipping to 1.6365 from this week's 7-week high of 1.6112.
The dollar was steady versus the yen after finding support in the previous session. After a recent downtrend left the buck at a 7-week low near 92, the dollar firmed up to 92.77. However, the dollar remains precariously near July's multi-month low of 91.72.
In a letter to the Financial Times, French Finance Minister Christine Lagarde and others said they will call for a strict compensation policy for banks to be put in place at the G20 finance ministers' meeting that starts Friday. The letter was signed by Finance Ministers of Sweden, the Netherlands, Luxembourg, France, Spain, Germany and Italy.
The Organization for Economic Cooperation and Development (OECD) said Thursday the U.S. and eurozone should emerge out of recession in the third quarter, but warned of a possible "bumpy" recovery which could be hampered by unemployment.
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