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Currency outlook
3 }- O$ k) f3 r2 r4 ILevel, end of period, @% J+ V' m1 y' @- {6 N% e2 y
RBC Economics outlook compared to the market
6 ~* d, X! q4 d* k( c. }0 `9 S( OSource: Bloomberg, RBC Economics Research" _+ a- S) o. B- o% _4 m- Y* `
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
1 I. J, h' k" N u1 c/ {( mCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02$ K3 H5 e+ X5 E) J W
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
: o* {7 H$ d8 F0 s8 CU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
: d- a2 Z& `+ b7 {% c6 `+ WNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
! M$ ^3 |/ M, W9 m. tJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
. ~- @' ]) R2 F3 M; I1 v" M! o( YChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
0 u: k1 ]7 \& ]7 Z: u# f% ^) r" eAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.864 X1 J9 W t" |
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50. o5 Q6 U' F' y% C4 @
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Canadian dollar cross-rates
/ F* ^- j; P) s1 ?6 B4 K! k09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2! x1 u- |% d6 V! @
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.511 J9 _ `; M( N7 J/ [0 P. K
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82, \% {' P% a* L0 v
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
5 R6 G; v: f! `( _2 q' \+ hCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
8 V- A) S8 m& J* K& y& w8 f& b) [AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
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Source: Bloomberg, RBC Economics Research |
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