Goldman sachs: euro dollar parity in december?

Goldman Sachs is predicting that the dollar will reach parity with the euro in December this year. The forecast arrives as the Federal Reserve said that it would consider raising rates in December, something that would leave the US economy going in the different direction to the eurozone, where more stimulus may be added.

"After the painful period since March, it will take time for markets to trust this message once again," Robin Brooks, Goldman Sachs’s chief currency strategist, said in a report. "But we think they will, which should take euro-dollar down to $1.05 ahead of Dec. 3, and we picture ending the year at parity."

Bloomberg