The dollar advanced to a seven-week high against the yen and gained versus the euro for the first week in instantly a month as U.S. employers selected  fewer jobs last month than economists forecast.

The yen descended  against all of its major counterparts this week and fell to the lowest level against the euro since June as the Labor Department’s payroll report encouraged Japanese investors to buy higher-yielding assets overseas.

The dollar climbed 3.1 /cent to 97.57 yen, from 94.68 on July 31. It touched 97.79 yesterday, the highest level since June 16. The U.S. currency moved up 0.5 /cent to $1.4183 per euro, the first weekly advance since the five-day period ended July 10. The euro moved up  2.5 /cent to 138.41 yen, from 134.99 a week earlier. It reached 138.72 yesterday, the highest level since June 5.

Tags:  Currency Dollar payroll report