The parity party is back on. After retracing about half of its first-quarter depreciation against the dollar, the euro appears to be headed lower once again — aided by a brief but meaningful turnaround in U.S. economic data, and reassurances from Federal Reserve Chairwoman Janet Yellen that the central bank intends to raise interest rates in 2015. Now, talk of the currency pair hitting parity by the end of the year has reemerged, as worries that the Fed might wait until 2016 to raise interest rates fade. The euro’s sudden turnaround caused some analysts to doubt whether euro-dollar parity would still happen. But now ... (full story)