Goldman Quickens Euro Parity Call to 2016 as ECB Tackles Crisis
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Goldman Sachs Group Inc. brought forward its forecast for the euro to fall to parity with the dollar by a year to 2016, joining a minority of strategists predicting a 15 percent drop in the next two years.
Robin Brooks, Goldman’s New York-based chief currency strategist, also cut his six-month forecast to $1.11 from $1.20, betting the European Central Bank will announce government bond buying in two weeks and the Federal Reserve will raise interest rates this year even as lower oil prices subdue inflation.