Dollar May Reach Parity With Euro by End of Year, Goldman Says
- President Trump has said currency already “too strong”
- Dollar-euro to hit parity by end-2017, says Goldman’s Hatzius
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The strong U.S. dollar will continue and the Federal Reserve will normalize policy at a faster rate than the market expects, according to Goldman Sachs Group Inc. Chief Economist Jan Hatzius.
“We do expect a strong dollar,” Hatzius said on Bloomberg TV on Tuesday in response to a question about whether he expects the strong currency to continue. He forecast the dollar would reach parity with the euro by the end of the year.