Expect the dollar to make a comeback against the euro next year, as the U.S. and euro zone take separate monetary policy paths, said Marc Chandler, global head of foreign exchange strategy at Brown Brothers Harriman.

Chandler, who spoke in an interview Thursday, expects the Federal Reserve to begin scaling back its economic stimulus in March 2014 at the earliest. Meanwhile, the European Central Bank just last week lowered its benchmark interest rate to a record low 0.25%, and this week the central bank's chief economist said the ECB could adopt negative interest rates if necessary to bring inflation to target.