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Currency outlook( P& M/ {# b8 K. E5 p g
Level, end of period& Q0 M z: y( o% k3 W+ I
RBC Economics outlook compared to the market/ m1 f) ]6 @6 w8 i1 P0 ?1 \
Source: Bloomberg, RBC Economics Research! P& j! \& }+ M; y; c" g) H
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2; o3 P1 y. K5 Y' T" G3 K; F, K/ L) U
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02$ ]1 `, l p1 |: h2 n
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.482 ^/ b* a9 h/ I
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
0 w0 ]9 ]0 L# W& y7 K8 F" a& u# ENew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75& H# d, k d1 H T
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.03 e+ {! Y v+ a) Q' e
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
+ ?2 l ]* G3 \6 J: |+ k5 u7 gAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86: Y, c |7 M7 W' }% Y
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
" k3 _ V1 ?" M1 ]: y2 \
" o: _ [( [4 C) i+ ~7 N% jCanadian dollar cross-rates) c* L1 F$ d+ Q! E! Z2 R2 ?2 `
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q28 ?( B6 e0 r J5 X/ f' x& x
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51% A' G. x$ _3 ]) h
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.829 N) p# f5 ^/ D/ d
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.775 [5 g/ L) h" z* q# j
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.31 s a2 q3 g" u- a9 K) ]8 i
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88 @" P. u. p( x- ^& H
, [9 y: u; M X* |- RSource: Bloomberg, RBC Economics Research |
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