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Currency outlook7 O& M* P) W9 S9 g
Level, end of period
/ ^. X9 Y# `6 Q6 V0 H# LRBC Economics outlook compared to the market
. G6 p7 P$ i+ k. j! T. t9 [+ [Source: Bloomberg, RBC Economics Research
* ?/ t0 ]' \2 e7 ^09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q29 C. y% a5 r. ~' r
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
8 ` X0 {6 [$ A! GEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
W: T* N4 D3 f+ O \U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.788 j9 l1 a8 x9 |4 _
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
# e' E& w1 n$ X4 _/ _0 S# i2 E [Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
, N; A( n( C" s4 f3 qChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
2 s* n1 a: P% \% z8 R- g1 J6 Z8 PAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.865 A/ q0 B: ~4 V* g2 j* c6 ]
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50: ?# R2 f& o" ~2 g" E6 \: P m3 h
5 r: m! g5 |' N# }1 D. c, D6 [
Canadian dollar cross-rates
4 h, }/ Y* S2 w7 C8 F8 o09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2) U. F8 M% s2 R! h, t
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
! J. n8 n( R+ d$ T4 r0 OGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82: U. A% l% J* C" p
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.776 C* A& x# R# j$ E8 S9 m2 ~( h* n
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3+ z4 N( d* {* G) w0 W2 {/ h
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
! }2 U+ u0 f3 @2 o1 n& s U2 M9 G) T' m; z$ K
Source: Bloomberg, RBC Economics Research |
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