The dollar stages a comeback, with the Fed's war on inflation putting it on course for its first monthly gain since September

• The US dollar is on track to snap a four-month losing streak.
• The greenback is up almost 3% in February with investors expecting the Federal Reserve will carry on raising interest rates to crush inflation.
• Investing in "king dollar" was one of the hottest trades of 2022 and some analysts expect a repeat performance this year.

The dollar looks set to snap a four-month losing streak in February, with investor expectations that the Federal Reserve will keep up its war on inflation through 2023 powering the greenback higher.

The US Dollar Index, which tracks the buck's performance against a basket of six alternative currencies, has climbed just under 3% this month – meaning it is on track for a first monthly gain since September 2022.