Dollar weaker before US jobs data, G7 looms

The dollar was steady against major currencies on Friday, nursing losses as investors awaited monthly U.S. jobs data and kept an eye out for more comments on the weak yen before next week's Group of Seven meeting.

The yen's 16 percent slide in the past three years to record lows against the euro has become the centre of attention before the G7 gathering as European officials have sought to make the currency's woes a major topic of discussion.

But Japanese and U.S. officials have played down the focus on the yen, with U.S. Treasury Secretary Henry Paulson telling Congress this week that the weak yen reflected Japan's low interest rates in trying to shake off years of deflation.

Read more at Reuters South Africa