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Currency outlook+ m/ o% I2 w) I6 a4 p j
Level, end of period
% W$ U) I' j4 a' RRBC Economics outlook compared to the market% K* w) j! G$ D/ e
Source: Bloomberg, RBC Economics Research
/ W q' N" B! O09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
7 _* T9 O+ W V1 p7 Z: l# rCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
0 P. s( Y+ P! K) ~# m! f4 wEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.483 X. B4 Q8 x- o; M
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78% E+ h, z1 N; d- O$ a
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
. K+ _. i. D& w' z) eJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
* q. g; U3 b: KChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30: |% }+ O7 t1 f8 M9 v) t
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86# {' J% A. y! O, Z+ r
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50& s: U7 P4 u7 e- n/ n
8 K# V: ^5 l9 _. iCanadian dollar cross-rates
+ ]8 y' X7 P" u( V4 Y ^09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
5 |6 N7 |: H2 o- f, ] v* rEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.518 o, b8 W8 @) o$ i) Y
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82( ~+ B/ M z/ ~) L- t
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
& B+ N: F. ^0 o1 L# p; U: h' a" h; pCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
4 _' A: F- a8 q: y8 N% ]0 s5 R! EAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88* H7 a5 s, Z* V% ^( [; u& _
) R" B( \% A* [- v* X# l6 k! FSource: Bloomberg, RBC Economics Research |
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