EUR/CAD continues its winning streak that began on June 16, trading around 1.6040 during the early European hours on Thursday. The currency cross has marked 1.6052, the new high since March 2018, with the Euro (EUR) receiving support amid improving risk appetite.
The Federal Reserve (Fed) announced a proposal to lower leverage ratios for major banks on Wednesday, drawing some criticism from Fed policymakers who intend to oppose the rule changes if and when they take place.
A sliding scale of potential EU retaliation against US tariffs, depending on trade negotiation progress. Sectoral tariffs are likely to be the key determinant of how far the EU is willing to push its own tariffs.