USD/CAD claws back to flat on Friday in pre-holiday Greenback rebound, just below 1.3300

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• The US Dollar is rebounding from Friday’s selloff as investors gear up for holiday.
• The Loonie briefly rallied to a fresh 19-week high as rate-hungry markets pummel the USD.
• USD/CAD set for a fifth weekly decline in six straight weeks.

The USD/CAD pared back above 1.3260 after plunging to a fresh 19-week low on Friday as markets continue to price in an accelerated pace of rate cuts from the Federal Reserve (Fed) in 2024 as US inflation continues to ease faster than initially expected.