Donald Trump's electoral upset has breathed new life into thebet that diverging economic paths will drive the euro toward paritywith the dollar for the first time since 2002.

Traders see about a 45% chance the European currency will sinkto $1 in the next year, about double the probability assigned aweek ago, data compiled by Bloomberg show. The president-elect'spledges to boost spending and cut taxes are fueling speculationthat economic growth will accelerate, pushing the Federal Reserveto raise interest rates more quickly. That sentiment sent a gaugeof the dollar to the strongest since February on Monday, while theeuro fell to about $1.07, touching its lowest since 2015.

For Deutsche Bank, the world's fourth-biggest currency trader,the election results are enough to jolt the euro out of a rangeit's been stuck in for months and push it below $1 in 2017. Callsfor parity crumbled this year as the Fed cut back on the number ofexpected rate hikes, even as the European Central bank continued toadd unprecedented amounts of stimulus. Now Trump's win isrekindling the wager that drove the dollar to back-to-back annualgains in 2014-2015, for its biggest two-year rally since theeuro's 1999 debut.