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Currency outlook
! v& y; d9 n- q* G- _2 A- `Level, end of period5 z5 g: c1 _- {. b7 f4 _7 i
RBC Economics outlook compared to the market3 {0 f9 R+ {' W; y0 [, G
Source: Bloomberg, RBC Economics Research8 d5 J! d* h- H5 ?9 v. g+ Z6 g
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
( o' M- }5 [6 H8 ?3 zCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
: l1 r6 k u, gEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48% v% T, f' S4 B& Z8 j2 E5 s2 A
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78* C7 D9 {0 a5 o- Z# G8 Z
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
* I2 r$ G2 j e3 Y/ z/ E, F* M4 Y: ~Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.08 M* ~* `" s# c9 o7 ~
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30' n3 m* e9 M, P' _* G7 J8 h
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
5 D+ z8 h0 y: l- z C7 Y4 M0 qMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
; U% I5 e+ ?9 U3 Q$ M! x- z* E% U: y/ g) ~3 V7 d' A; j8 K( u2 u
Canadian dollar cross-rates. y! \- w* v% O& N- i" Q+ K, `0 J
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q28 T. s7 {. L5 O0 d: V
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.517 P0 b0 l* o0 F" }9 D
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82: W1 [$ `& @( h! u! m$ A7 w
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.773 x0 t/ |. ]4 g, U6 O" G0 p! h
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
% Z( {- P& j5 @ u; k `AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
- _+ a% K8 H; U4 d6 ?5 g+ U0 j0 \3 Q9 K4 u# J
Source: Bloomberg, RBC Economics Research |
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