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Currency outlook
4 h6 b+ L- B4 u# P5 oLevel, end of period; j3 `" a/ Y9 Z+ F! [
RBC Economics outlook compared to the market7 h3 y% x7 e& F3 A- [" r
Source: Bloomberg, RBC Economics Research
, J" T, w3 v9 n% _& M* c: y& N1 ?$ d09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
7 a$ ]1 H; z. Z% g9 ?6 q9 X! cCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02+ }( n1 `& |$ B5 o, b' Y* S
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48# l' C7 K; z! M& E* K! d
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
9 u3 m# k" T) f* R; v( ~) h3 ^New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75" H$ V5 q; o: |
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
6 o. G( A1 r3 p4 r5 qChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30# b- K( P1 I5 ^7 j& r! D
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86) ^$ k. d- U |- J B
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.508 r1 l2 f& e r/ b" O' ]+ u/ u9 _
* F z2 j: T* U/ g
Canadian dollar cross-rates- ] S' b7 L# A3 [) a
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
- N9 @) K& L' t s9 sEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
a }9 D, ^7 \: e' K0 ~3 EGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.826 z1 ^" [" X0 s; o8 N0 T# \
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.778 @: C4 V+ ^ b8 H" `& V: `5 ^
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.30 Z6 x$ s8 L5 {8 G% q+ [/ C
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88 O1 s7 G* M5 B
, s8 l9 f/ h" Y; X5 m) R8 ISource: Bloomberg, RBC Economics Research |
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