FOREX-U.S. dollar drops after weak August payrolls data

NEW YORK,Sept 5 (Reuters) - The dollar fell against the euro on Friday in choppy trading after a government report showed the U.S. economy lost more jobs than expected in August.

The euro last traded at $1.4274 compared with $1.4260 just before the report. Earlier, the euro fell as low as $1.4217 following the jobs report.

The U.S. economy lost 84,000 jobs last month, the Labor Department said. Economists had expected a decline of 75,000.

The unemployment rate unexpectedly shot up to 6.1 percent in August, its highest in more than 4-1/2 year.

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