* Oil settles lower, but higher week on week

* U.S. nonfarm payrolls fall, weigh on equities, oil

* Dollar weakens, helps limit oil losses

* Coming up: ConfBoard employment trends Mon 10 a.m. EDT (Recasts, updates prices, market activity to settlement)

By Selam Gebrekidan

NEW YORK, Aug 6 (Reuters) - Crude oil prices fell a third straight day on Friday, weighed down by a weak U.S. jobs report that also pulled Wall Street lower.

But the dollar's <.DXY> broad slump and weakness against the euro tempered oil's losses, and prices managed to settle above $80 a barrel, a higher finish versus a week ago.

U.S. crude for September delivery fell $1.31 or 1.6 percent to settle at $80.70 a barrel, having traded from $80.04 to $82.67.

* US July payrolls fall more than expected

* Dollar hits 8-month low vs yen, nears 15-year trough

* Euro hits three-month peak above $1.33

* Markets worry weak U.S. growth could spark Fed action (Updates prices)

By Vivianne Rodrigues

NEW YORK, Aug 6 (Reuters) - The U.S. dollar approached a 15-year low against the yen on Friday and fell against the euro after news that the United States' economy shed twice as many jobs in July as expected added to worries about the recovery.

Analysts said the weak jobs report, combined with a recent string of poor data may lead the Federal Reserve to renew Treasury and mortgage bond purchases to jolt the economy. That would drag U.S. Treasury benchmark yields even lower and further dampen returns in dollar-denominated assets.

* US payrolls fall more than expected

* US dollar hits 8-month low vs yen, nears 15-year trough

* Euro rises to three-month peak above $1.33

* Markets worry weak U.S. growth could spark Fed action (Adds comments, details; updates prices, changes byline)

By Vivianne Rodrigues

NEW YORK, Aug 6 (Reuters) - The U.S. dollar approached a 15-year low against the yen on Friday and fell against the euro after news that the United States shed twice as many jobs in July as expected added to worries about the economic recovery.

Analysts said the weak jobs report, combined with a recent string of poor data may lead the Federal Reserve to renew Treasury and mortgage bond purchases to jolt the economy. That would drag U.S. Treasury benchmark yields even lower and further dampen returns in dollar-denominated assets.

* Stocks tumble on weaker-than-expected U.S. job data

* Dollar declines in broad flight

* Gold demand on the rise, wheat futures fall (Updates prices)

By Al Yoon

NEW YORK, Aug 6 (Reuters) - World stock markets and the dollar slumped on Friday as investors fled to safe-haven bonds and gold after U.S. employment data signaled the economic recovery was losing traction.

The U.S. economy lost 131,000 jobs in July as more temporary U.S. census jobs ended, and private employers added fewer workers to their payrolls than expected in July. For details, see [ID:nN05598486]

* US payrolls fall more than expected

* US dollar hits 8-month low vs yen, nears 15-year trough

* Euro rises to three-month peak above $1.33

* Sterling nears 6-month peak around $1.60

* Markets worry weak US growth could spark Fed action (Updates prices)

By Steven C. Johnson

NEW YORK, Aug 6 (Reuters) - The U.S. dollar approached a 15-year low against the yen on Friday and fell against the euro after data showed the United States shed twice as many jobs in July as economists expected, adding to worries about recovery.

While U.S. employers did add 71,000 private sector jobs, that was below forecasts for a 90,000 gain, helping to push the euro to a three-month high above $1.33. The dollar fell to 85.03 yen , its lowest level since November and near a 15-year trough beneath 85. Sterling hit a six-month high near $1.60 .

PARIS, Aug 6 (Reuters) - The impact of crop damage and export curbs in drought-stricken Russia is not comparable to upheaval in global commodity markets in 2007/08 that sparked food inflation and social unrest, the OECD said on Friday.

The worst drought on record in Russia has withered crops and prompted the country to halt grain exports, sparking a surge in world wheat prices to levels not seen since 2008.

But with global grain stocks at much higher levels than in 2007/08 and crop conditions elsewhere in the world generally benign, the Paris-based Organisation for Economic Development and Cooperation said there were no grounds for talking about a global agricultural crisis.

"At this stage it's much too early to make comparisons with the 2007/08 price spike," Ken Ash, the OECD's director of trade and agriculture, told Reuters by telephone.

* Coffee brings in $528 million after slump previous year

* Ethiopia predicts $3 billion for 2010/2011

* Wants to diversify into leather, vegetables

By Barry Malone

ADDIS ABABA, Aug 6 (Reuters) - Resurgent coffee sales and diversification into other products lifted Ethiopia's exports to a record $2 billion in 2009/2010 from $1.5 billion in the previous year, the trade ministry told Reuters on Friday.

"Coffee has bounced back to $528 million this year," trade ministry spokesman, Amakale Yimam, told Reuters.

Ethiopia's export total fell well short of the $2.9 billion predicted by Minister of Trade, Girma Birru, in an interview with Reuters in November.

* U.S. payrolls fall more than expected

* US dollar hits 8-month low vs yen, nears 15-year trough

* Euro rises to three-month peak above $1.33

* Sterling nears 6-month peak around $1.60

* Markets worry weak US growth could spark Fed action (Updates prices, adds detail, adds comment)

By Steven C. Johnson

NEW YORK, Aug 6 (Reuters) - The U.S. dollar approached a 15-year low against the yen on Friday and fell against the euro after data showed the United States shed twice as many jobs in July as economists expected, adding to worries about recovery.

While U.S. employers did add 71,000 private sector jobs, that was also less than expectations for a 90,000 gain, and helped push the euro to a three-month high above $1.33. The dollar fell to 85.08 yen , its lowest level since November and near a 15-year trough beneath 85.

* Few successful models for Hungary's go-it-alone IMF stance

* Those that shun IMF are eventually pushed to austerity

* High funding needs may raise pressure on govt

By Michael Winfrey

Economics Correspondent, Central Europe and the Balkans

PRAGUE, Aug 6 (Reuters) - Hungary hopes to emulate the few countries that have spurned IMF aid and emerge from crisis on their own, but it is much more likely to follow the example of other crisis-hit EU states and be forced back to austerity.

It is no Malaysia or Turkey, the first of which rejected the International Monetary Fund's demand it open its economy in the 1990s Asia crisis and the latter weaned itself off IMF backup in 2008 after enacting its own Fund-like fiscal plan.

Aug 6 (Reuters) - Russia has announced a temporary ban on grain exports after the worst heat wave on record destroyed crops and sent world wheat prices to contract highs. The export ban could lead to the tearing-up of existing contracts and is likely to open the way for rival suppliers to win business in Russia's traditional markets.

A Reuters poll of 18 analysts and traders forecast a 25 percent decline in Russia's 2010 wheat crop year-on-year to 46.5 million tonnes. Below are details on Russia's three biggest wheat export markets in the marketing year to June 30, 2010, followed by wheat export data from the past two marketing years.

EGYPT

Egypt, the world's biggest wheat importer, accounted for one-third of Russia's wheat exports in the recent marketing year, despite a hiccup related to the quality of imports.

Russia supplied 6.1 million tonnes of wheat to Egypt in the 12 months to June 30, up 23 percent from the previous season.

Egypt may face a short-term supply problem after buying 360,000 tonnes of Russian wheat for shipment between Aug. 21 and Sept. 31, plus 120,000 tonnes for Aug. 11-20 shipment.