Will $/€ ever be at or below parity ever again!?

Some serious crystal-ball gazing required here!

Everything I've read so far indicates that the $/€ rate will fall in 2008, to somewhere about $1.30 = €1

Can anyone think of a possible scenario where the $/€ exchange rate is $1 <= €1 once again (like most of 2002) and when it's likely?

Thanks.

Impossible to say.

Due to the recent cuts in US interest rates to 3%, the dollar weakened.

Over the longer term, the massive US internal and external deficits will weigh on the value of the dollar.

So it's unlikely that parity will be reached again.

But with currencies, you never know for sure!!