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Currency outlook
; \; Y0 E7 s* s1 Z0 R$ JLevel, end of period2 u0 u9 H0 O$ j: X7 J6 n" V
RBC Economics outlook compared to the market* s: f0 a" W0 M% F3 e
Source: Bloomberg, RBC Economics Research
' N8 X- J! A4 z8 u8 {5 W5 J09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
* b! e$ j. }' @' PCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02- O4 b" a# z$ r1 S; c
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48/ S) `; N) e4 g3 _
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78* Z- p- H; N* c) H4 e2 v! g
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
: W. |7 L8 v `, V# hJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.06 `, g3 A8 T( d7 n
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
+ T9 }" T' K2 K6 Y5 Q4 \/ n) ]7 m, UAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86 c- s K8 C' m" J3 ]
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
+ s, w, \8 u! f2 R9 Z& @
5 t5 y5 f( M. }0 w cCanadian dollar cross-rates
6 I# z/ W: F! R6 F9 s2 Q& w09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
3 i& b; M7 U" P k) k2 x U! F1 xEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
3 S2 c6 [' @% G6 b1 _' gGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
* \ k! I3 k& |( Z! s1 O& kNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
( f7 z4 j/ Y8 |* M J9 gCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.32 t6 d" t; o: J3 ]$ l& q3 o
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.887 N E) n' a& u: R$ o4 E
! ~2 R' N9 Z& `
Source: Bloomberg, RBC Economics Research |
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