Dollar falls against yen, euro as weak US jobs data clouds Fed outlook

US non-farm payrolls unexpectedly declined by 23,000 in July against expectations of an 80,000 increase, while the unemployment rate fell to 4.1 percent. The weaker jobs data pulled the dollar index down to 99.61, lifted the probability of a Fed rate pause in September to around 56 percent, and pushed US Treasury yields lower. Gold prices rallied 2.28 percent to $4,336.09 per ounce as the dollar weakened.