Bank forecasts euro at $0.80 in 2017 Shutterstock/oliveromgThe euro is limbo dancing its way to an all-time lowou ain’t seen nothing yet when it comes to the euro’s grind lower toward parity against the dollar, according to Goldman Sachs. The chief forex strategist at the investment bank, Robin Brooks, just slashed his forecast for the shared currency EURUSD, +0.36% and said it will be worth the same as the dollar in September this year — a sharp revision from the previous outlook that didn’t call for parity until late 2016. The euro traded at $1.0532 on Friday. “We therefore expect more downside in the near term, with the expected removal of ‘patient’ at next week’s FOMC [meeting] a key catalyst,” he said in a note on Friday. “The normalization of U.S. monetary policy is a powerful — if underappreciated — force for [a lower euro-dollar] looking ahead.” The euro has shaved off almost 13% against the dollar this year, largely due to the different policy paths the U.S. Federal Reserve and the European Central Bank have set out on. In the U.S., investors are speculating if a rate rise will come in June, which would be a boon for the greenback. And in the eurozone, the ECB on Monday embarked on its most aggressive easing program ever, weakening the euro against almost all other currencies. That combination sent the euro to a 12-year low against the dollar this week and nothing suggests a rebound over the next couple of years, according to Goldman Sachs. In 2017, the shared currency is even expected to fall to as low as 80 cents, which would be the weakest level ever for the euro. Less than a year ago, investors fretted about the strength of the euro when it almost hit $1.40 in May, worrying that the strong currency would strangle the fragile economic recovery in the euro bloc. Considering the below Goldman Sachs forecast, it looks like investors won’t have to worry about the $1.40 level for a while.Goldman Sachs’ euro outlookNew forecastOld forecast3-month$1.02$1.126-month$1$1.1012-month95 cents$1.08End-201685 cents$1End-201780 cents90 cents Other analysts are backing Goldman Sachs’ call for euro-dollar parity. Deutsche Bank on Tuesday cuts its euro forecast to dollar parity by year-end and to 85 cents by end of 2017, arguing the “euroglut” is here to stay. Sara Sjolin