Credit Suisse predicts the dollar will reach parity with the euro by the end of this year. REUTERS/Gary Cameron/Files
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It's time for investors who bailed on the dollar in the past few weeks to get back in, says the most-accurate currencies forecaster. The greenback has tumbled 3.6 percent versus the euro since touching a 12-year high last month amid speculation the Fed will delay raising interest rates – in part because the dollar's strength is hurting U.S. economic growth. ING sees the Fed raising rates this year even after an April 3 report showed the U.S. added the fewest jobs last month since December 2013 . That makes buying the dollar versus the euro the best play in currency markets, according to the Amsterdam-based bank, among the first to say the currency pair will achieve parity this year for the first time in more than a decade.ING's score of 60.98 compares with No. 2 Credit Suisse Group AG's 60.71 .
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