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Currency outlook9 d( Y4 F6 P' l4 q" W; l; o2 B* e
Level, end of period( ?& F* @+ z& s6 I$ k
RBC Economics outlook compared to the market. S9 U w- \9 M
Source: Bloomberg, RBC Economics Research0 ^: F) [4 @( v5 _3 [
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
7 Q6 d, ]3 a1 T$ Y" m$ T% fCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
8 z6 \7 ]( w/ bEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48' k! ~3 Y* k, ~
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
7 [ n; w* G/ K. b, H" Q( ~8 tNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
& {2 l1 }7 s# v6 pJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0; {5 V/ n8 t7 m4 W* d4 E
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30, v, |1 O) f" f/ v3 h
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
! p2 E2 F) J6 z; w5 F( A0 dMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
, {' ] q Y. B* f; J
8 N7 z/ m" o2 M3 RCanadian dollar cross-rates/ z- l5 r+ p" g7 M8 @+ ?4 ~1 Q
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
; D+ r3 z& ?) }* |' YEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
0 k$ X, s; r1 x/ [GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82 i2 B d5 c& H
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
* M) D& Q5 R! F/ m: r9 q- o+ cCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3% z: H" Y! Q% V8 Z; R4 Z8 S# B
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.881 B2 e) G( t9 a" r) C
# I3 v( |+ _! X
Source: Bloomberg, RBC Economics Research |
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