Dollar falls after drop in U.S. nonfarm payrolls

The dollar was down against its major rivals early Friday after U.S. nonfarm payrolls fell by an estimated 4,000 in August, the Labor Department said. This is the first decline since August 2003. The dollar fell 1% against the Japanese currency to 114.29 yen. The euro was up 0.5% at $1.3755, while the British pound was up 0.3% to $2.0286. The decline in payrolls was much weaker than the 115,000 increase that had been expected by Wall Street economists surveyed by MarketWatch.