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Currency outlook
3 u- A+ Q5 Y+ D, ]Level, end of period- X( t: J P6 g+ B+ O
RBC Economics outlook compared to the market
( F* \0 [: l$ Z# nSource: Bloomberg, RBC Economics Research5 x) j! @: z0 v9 Q
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
& H4 l& H7 c) H& o+ ~2 gCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02+ A0 ?8 c' n# w
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.488 q r; L" r: |: J- ^
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.787 Z& } i' S( ^. E3 k# Y1 E
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
4 v# j4 a; }. ], SJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
9 R* L5 E( X1 G) W. oChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30, Z- {/ C i7 }; e- S
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
/ v/ V0 U; K) F$ N4 _- @1 v5 tMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
$ P4 i# T1 v0 \; e$ \1 z
" u4 y( L$ f& c3 S, @Canadian dollar cross-rates
; V# \8 O G1 P9 S% f0 S" F09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
C" i) d3 }6 h, N# {EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
, a8 n/ V" I, C' LGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82* R% ^0 }7 E& [ K! Y
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77* T$ X, I8 m) T
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
2 y, _ }+ f* X+ |( ]$ q/ T' eAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
5 |. v `3 f( z
3 U9 o# s* \/ ?% j3 ^2 p( k5 ISource: Bloomberg, RBC Economics Research |
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