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The US dollar showed a modest rebound against the Canadian dollar (CAD/USD) in early Friday trading as traders anticipate heightened volatility. The pair remains in a well-known consolidation range, influenced by mixed economic data and central bank policy expectations. The Canadian dollar's performance is closely tied to oil prices, which saw recent fluctuations due to geopolitical tensions. Market participants are monitoring the Bank of Canada's potential rate decisions and US inflation data for directional cues.
