*Dollar slides, G7 reiterates familiar stance on FX
*Europe shares rise, fuelling "risk appetite"
*Aussie up as local media see chance of Tuesday rate hike
LONDON, Oct 5 (Reuters) - The dollar weakened on Monday after a G7 meeting at the weekend reaffirmed the market's view policymakers are comfortable with a gradually weakening dollar, a trade encouraged by the resilience in global equity markets.
The biggest beneficiary was the Australian dollar, which was also boosted by mounting speculation that the Reserve Bank of Australia may raise interest rates this week, becoming the first major country to do so.
Global stocks held up Monday despite a weak U.S. employment report on Friday. The weak jobs data suggests U.S. monetary policy will be kept ultra loose, encouraging traders to buy perceived "riskier" currencies and assets like stocks.
"Risk bounced back pretty strongly ... and that's leading to a generally softer dollar today. The market is looking to build up 'risk positions' again," said Geoff Kendrick, currency strategist at UBS in London.
"The G7 could have been a red light (to dollar selling), but there was no change," he said.
After the Group of Seven finance chiefs' meeting in Istanbul, traders bet on further dollar weakness to help redress imbalances between consumer and indebted countries like the United States and producer and saver nations like China.
At 1044 GMT the dollar index .DXY, a measure of the greenback's performance against six major currencies, was down a quarter of a percent at 76.85.
The euro climbed 0.4 percent to $1.4620 EUR=, supported in part by a 0.4 percent gain in European shares .FTEU3, while U.S. stock futures SPv1 rose 0.5 percent.
The euro recovered after sliding below $1.45 on Friday, when U.S. non-farm payrolls dropped by 263,000 in September, sparking a flurry of safe-haven dollar buying. But the euro's recovery shows little appetite for more dollar strength, analysts said.
Traders brushed off a smaller-than-expected slide in euro zone retail sales for August and other data showing the region's services economy returned to growth last month.
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