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Currency outlook
4 f, C3 ?6 S; p/ qLevel, end of period
+ ?1 d. Z+ @" \RBC Economics outlook compared to the market
" w) r+ I) H* D! ~Source: Bloomberg, RBC Economics Research% p" l; |. B! M* f2 L0 D
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2$ X4 T* f5 {: i! F3 a
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.028 {3 x3 D5 Y* g
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48+ X* Q% s, v+ m4 ~* P; ]
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
8 z0 ^( d! p0 r; Q4 ZNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
5 X# W2 z2 K& R$ C7 O& o+ `- ^Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
/ @2 o9 q3 m5 [' ^, E) SChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
- H/ C9 E! e8 b0 N1 [1 HAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86! v* H* l3 L6 w3 ?, P2 L& g, ?) g
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
) A) \ u7 c" V4 ]& i, c3 t! f) I$ }# p- G1 g/ Q3 {- l' q; R
Canadian dollar cross-rates
: n7 \+ x# M( [$ K& w09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q21 G n3 j O$ @: L# v% @+ ?
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51- z4 q+ _' d* n, S, b$ j2 e
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82& c+ @8 l: i! u3 u: V7 J/ J3 t R5 u
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
' A! w% S! s& R6 [. e) g, h- nCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
) S9 X7 x* J$ l: {4 \# fAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
: B1 o8 _2 e" r) S0 Q5 d( ^ K* b" l- |; ~1 o
Source: Bloomberg, RBC Economics Research |
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