We doubt it. The figure 1.00 carries no economic significance and now that the markets know that the colour of money is Green, there is no psychological benefit to be derived by pushing the Euro down to Parity. Then, the Technical fact is that the Dollar is way, way overbought against the Europeans and a correction is now imminent. The FOMC is coming up on Tuesday. The US economic data has been giving mixed signals regarding Inflation.
Wages are the only worrying factor.
But Greenspan had said he would be looking at Productivity as well while deciding on interest rate changes. Maybe not, we don't know. On the other hand, there is a market opinion that with the ECB and the BOE having raised rates, in all likelihood the Fed would also be obliges to raise rates, for, after all such decisions are already taken at the various G7 meetings. This is also a rather likely scenario. We don't know.