* Stock futures mixed in Asia
* U.S. dollar slide continues
* Euro maintains strength
* U.S. unemployment report in view
By David Henry
NEW YORK, June 4 (Reuters) - Asian stocks were set to hold tight ranges on Friday after a mixed Wall Street session and as investors awaited key U.S. jobs data while sustained hopes about a global economic recovery kept pressure on the safe-haven dollar.
The week's global equity rally lost some steam on Thursday as traders took winnings from seven days of gains, backing away ahead of Friday's nonfarm payrolls data, which is expected to show further deterioration in the U.S. jobs market.
Australian S&P/ASX 200 futures YAPcm1 lost 0.2% in early trading while {{178|Japan's NiNikkei 225 futures NKc1 slipped 0.4%.
Hong Kong's Hang Seng index futures .HSI HSIc1 lost 0.55%.
E-mini futures for the S&P 500 EScv1 rose 0.14%.
The dollar index =USD fell 0.6%, with the euro EUR= up 0.04% to $1.134.
"This market has gone up so far so fast there's a lot of people saying, 'I'm going to take a little profit,'" said Jim Paulson, chief investment strategist at The Leuthold Group in Minneapolis.
MSCI's global stock index slipped 0.15% on Thursday, while the S&P 500 .SPX lost 0.34% and the Nasdaq Composite .IXIC lost 0.69%. The Dow Jones Industrial Average .DJI held a slender gain of 0.05% to 26,281.82.
The pan-European STOXX 600 index .STOXX lost 0.72%.
Friday's U.S. employment report is expected to show nonfarm payrolls fell in May by 8 million jobs after a record 20.54 million plunge in April, according to a Reuters survey of economists.
The U.S. unemployment rate is forecast to rocket to 19.8%, a post-World War Two record, from 14.7% in April. markets, however, showed continued confidence in the revival of the global economy, particularly after the European Central Bank pledged more support.
The euro jumped to a 12-week high against the dollar on Thursday after the ECB increased the size of emergency bond purchases by 600 billion euros ($674 billion) to 1.35 trillion euros, more than the 500 billion-euro increase analysts had expected. ECB also extended the program until at least June 2021 and pledged to reinvest returns in a reminder of how far some governments will go to support the economy. policy makers have picked up the baton with respect to more policy stimulus – both monetary and fiscal. This is showing up more in currencies than it is in equities," Ray Attrill, head of FX Strategy Markets at National Australia Bank wrote to clients on Friday morning.
Next week, the U.S. Federal Reserve holds its regular two-day policy meeting.
The dollar index, =USD which measures the greenback against a basket of major currencies, declined for the past two weeks through Thursday as risk sentiment improved on optimism that the worst of the economic downturn from the coronavirus has passed.
The Australian dollar rose 0.07% versus the greenback to $0.695. The Aussie, one of the best recent performers due to the increase in risk appetite, on Thursday reached as high as $0.6987, the strongest since Jan. 3.
Traders raising cash for riskier investments also sold 10-year U.S. Treasury notes for the fourth consecutive day on Thursday, lifting the yield to 0.8251% from 0.761% the day before. prices were little changed in choppy trade as investors awaited a decision from top crude producers on whether to extend record output cuts. U.S. crude CLc1 recently fell 0.16% to $37.35 per barrel and Brent LCOc1 was flat on the day. gold XAU= added 0.2% to $1,713.09 an ounce.
Gold was up more than 1% for the day on Thursday as weakened equity markets lent some support to demand for the metal. Global assets
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