Strong dollar and low oil price lead to disappointing US jobs figures

First rate rise by Fed not expected until later in year as non-farm payrolls report shows only 126,000 jobs added in March after year of 200,000-a-month rises

US employers created the smallest number of jobs for more than a year in March, fanning fears that a strong dollar and weak oil price are taking their toll on the world's largest economy.

Much weaker than expected employment figures pushed back traders' bets on an interest rate rise from the US Federal Reserve from this summer to later in the year. Some analysts said the central bank could even wait until 2016 to tighten policy.