NEW YORK (MarketWatch) — The euro could reach parity with the dollar by January 2017 — and it could fall as low as 90 cents by January 2018, Goldman Sachs said Friday in a research note.

Goldman GS, +0.01% revised its forecasts for several currency pairs to reflect what it predicts will be a prolonged period of dollar strength DXY, +0.03% as the U.S. economy continues to show strong growth ahead of imminent interest-rate increases by the Federal Reserve.