The U.S. dollar pared this week’s losses versus the euro as employers cut less-than-expected jobs in the country, adding optimism to the world’s wealthiest economy.

The dollar reached a seven-week high versus the yen and gained versus most of the 16 main traded currencies as a report in the U.S. indicated that fewer jobs were cut in July than in June, suggesting that employment conditions are improving in the North America, which reflected positively for the greenback outlook, making the U.S. currency to end the first week gaining versus the euro, after 2 consecutive weeks of losses.

EUR/USD traded at 1.4160 as of 18:56 GMT after being traded at 1.4381 hours earlier.

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