The US dollar weakened against major currencies on Friday. Unexpected job losses in July fueled economic concerns and clouded Fed rate outlook. The unemployment rate declined, but labor force participation hit a multi-year low.

Employment figures weigh heavier on market even as seasonal adjustments are less reliable

NEW YORK, Aug 7 : The dollar fell against major currencies including the yen and euro on Friday after data showed U.S. employment unexpectedly declined in July, raising concerns…