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Currency outlook2 G% y! V* x7 X
Level, end of period# ?- A8 e [" i5 B; @
RBC Economics outlook compared to the market% ~" p7 n9 e( v
Source: Bloomberg, RBC Economics Research
2 v3 e% _; s# x09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q25 }+ R0 B4 G! Q! g9 p
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
% P( f; z+ M3 u }- b/ hEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
# g0 F/ B' m+ q4 i1 c/ CU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.786 |& G) P: n* g
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75* [! r9 r5 k+ r- }
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0: f, [9 G& K0 U E3 x/ z
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.306 i5 G2 o5 I0 @: Y8 X! R
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
5 o4 b& {1 H$ p2 Z3 }- CMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
, }5 H: q4 B2 Q, `$ h* R8 f- } {
Canadian dollar cross-rates
0 G4 m* H: G% J+ D1 P2 D* Z09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
" Y6 D4 ~( g: Z& NEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51+ ^1 G( D( J' ?! L
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82" [/ ]9 B6 K. P5 E: q$ ?
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77, c% W. U( A" d* T# ~
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
3 S8 O2 }/ ~2 |; E" @& oAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
; C$ D* ^' _9 r0 y( D1 R5 C7 T* Z& l4 N7 j& k% z; @
Source: Bloomberg, RBC Economics Research |
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