The U.S. dollar continued to surge in the wake of the Federal Reserve’s rate-raising campaign on Dec. 15, posting a 14-year high against the euro and other major currencies.
The outlook for stronger U.S. growth next year as a result of President-elect Donald Trump’s economic stimulus plans prompted J.P. Morgan to predict the euro will reach parity with the dollar in the first quarter of 2017, with other top banks predicting parity later in the year.
