Hold on to your hats — the euro is heading towards parity with the dollar, according to analysts at Nomura. That's due to the widening policy gap between the world's two most important central banks. While the Federal Reserve seems very likely to hike interest rates for the first time since 2006 in December, the European Central Bank is still in easing mode. ECB chief Mario Draghi has dropped strong hints in his recent comments that eurozone could get more rate cuts, or a more expansive QE programme. All else being equal, that split should weaken the euro and strengthen the dollar. Some investment investment banks ... (full story)