Saxo: euro/dollar parity possible early next year

John Hardy, head of FX strategy at the bank, holds a EUR/USD view of 0.98 for Q1 2017

European markets
New lows: "I think most of the weakness we are going to see in EUR/USD is going to be put forward here" – Hardy

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A combined Trump effect on the dollar, along with persistent economic and political pressure in the European Union, could push the euro below parity with the greenback in the first quarter of 2017, says John Hardy, head of FX strategy at Saxo Bank, which topped FX Week's one-month forecast rankings this week.

As Republican president-elect Donald Trump is expected to have a hawkish effect on US monetary policy, the rate divergence theme may make a return as the European

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