By Jan Strupczewski

BRUSSELS, Oct 2 (Reuters) - Europe will push for a tougher stance on exchange rate volatility from finance ministers and central bankers of the Group of Seven later this month to help stop the euro's surge against the U.S. dollar, EU sources said.

Euro zone finance ministers and the European Central Bank, the Eurogroup, will discuss their common position for the G7 meeting on Oct. 8 in Luxembourg amid great concern about the fall of the dollar to record lows against the euro.

"I don't think anybody would say there is a huge margin for further euro appreciation against the dollar and the yen," one source close to the preparations of the Eurogroup meeting said.

"The meeting is next week, but I would be surprised if anybody was saying 'that's just fine'," the source said.

Eurogroup Chairman Jean-Claude Juncker said last week there was great concern about the weakness of the dollar.

"The objective is to get stronger language out of the G7," a second source close to the preparations of the Eurogroup said.

The euro hit record highs above $1.4280 on Monday amid market expectations of further rate cuts in the United States to boost the slowing economy and stable ECB rates.

While the euro's strength has yet to show in trade figures, Europe's businesses have said it has reached the pain threshold.