The recently released March job report and documented slowdown in hiring has had an affect on the strength of the dollar. The strength of the dollar fell for the third straight week, marking the longest loss streak in almost a year. Fewer jobs were added in March than any month since December 2013, and as a result the dollar fell in comparison to all but one of its 16 major currency counterparts. The dollar fell 0.8 percent to $1.0976 compared to the euro and 0.1 percent to 118.97 yen.
Slow first-quarter economic growth for the U.S. has lead many investors to conclude that the Fed will delay previously predicted interest-rate rises as a result. The 126,000 jobs added in March were less than even the most conservative estimates had previously predicted. However, interest rates are still expected to increase in August or September, even if to only momentarily rise above zero.