The U.S. dollar has posted its worst month since last summer after months upon months of solid gains underscored an economy recovering from the recession it has been mired in since 2008.

The greenback rose only slightly in February, showing signs of fading after posting gains of 17 percent since early July, prompting the Federal Reserve to mull bumping interest rates to slow down inflation, according to a Bloomberg report.

As the world continues to struggle with the recession and low inflation, the March 6 forecast is likely to show the U.S. jobless rate dropping to its lowest level since 2008, even as the European Central Bank gets ready for a large bond-buying program to boost inflation.

The contrasts between the U.S. and European economies are likely to mean investors will continue to move money into the U.S. with rates still more attractive than those in the rest of the world. The expectation that the Fed will raise rates later in the year will continue to underscore the strength of the dollar, which is likely to continue its growth, according to an analyst quoted in the report.

The greenback posted a 0.8 percent gain against the euro, which is now valued at $1.1196. It also grew 1.8 percent to 119.63 yen.

The troubles in Europe have caused the dollar to beat all 16 of its peers in the last 12 months. However, sluggish inflation and lower fourth-quarter economic growth slowed the dollar’s rally in February.

While investors expect the dollar’s growth to be more modest compared to the dizzying growth of the last few months, it is still expected to grow at a consistent pace.

U.S. employers added 235,000 to their payrolls in February, and the jobless rate dipped to 5.6 perent.