‘Dollar to reach parity with euro by year-end’

Goldman Sachs Group sees its longstanding call for the dollar to reach parity with the euro coming true as soon as December, as the Federal Reserve and the ECB move toward divergent monetary-policy actions.

The US central bank said on Wednesday night that it will consider raising interest rates on December 16, a week after the ECB hinted that there may be additional stimulus as soon as its December 3 policy meeting.

That’s bringing euro-dollar parity back into focus, after the dollar’s ascent stalled at a 12-year high in March.