*OECD: U.S., French & German Banks Could Manage Losses From Greek-Based Assets

Dollar Pares Asian Session Gains Against European Majors

*S Africa April CPI Rises 0.2% On Month, Consensus 0.4%

*S Africa April CPI Up 4.8% On Year Vs. 5.1% In March, Consensus 5%

*OECD: EMU May Need To Create Fiscal Union To Function Effectively