EUR/USD: the pair is headed for parity after the ECB and FOMC meetings (Société Générale)

Societe Generale believes that the EUR/USD pair should start its path towards parity after the ECB and the FOMC meetings have passed.

"The ECB has reduced its QE with the option of increasing the pace of purchases again if everything does not go as planned.

The ECB announcement retains an accommodating tone for monetary policy, pushing the EUR back down.

We will now see what the Fed will do this week and then embark on months of political uncertainty that should take the EUR/USD to parity."