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Currency outlook
2 {5 [* |6 r% E5 ?Level, end of period9 x+ R( ~& j _3 j2 W. T" A
RBC Economics outlook compared to the market
9 z* G2 Z" F9 A/ g' E, c4 O4 g# wSource: Bloomberg, RBC Economics Research- R, u; V5 m4 y6 k; n2 H, d6 a
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
+ A) o+ F1 l- T& n r' FCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
( p1 ^2 L+ X8 }# nEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.481 F9 U- t/ y; I; Y% r7 y% E$ s
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.785 l; F! t9 ?- ]) K9 |! e- F
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75: k B: X0 n$ u# e
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.05 m; A9 u7 I4 S2 E& U
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
, Q, _ X6 f6 m3 ~4 q: B" mAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86' H/ d. V9 K( ~( P9 h( l
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.502 N4 S2 \/ o) G! R& o, u
3 U: J2 s! [# c0 h9 D
Canadian dollar cross-rates
" u8 r4 O. ^- a09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q27 k! L n9 Q2 \
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.511 }- {# g8 R' M( f
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
# s6 B- C, m. w/ c3 f; x ]1 MNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
3 F* t* O. S JCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.38 |0 a( w2 k( u$ Y+ y1 ], M# x' @! l
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88* X; Y: ^5 r- V3 C" V ?+ o% L* e
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Source: Bloomberg, RBC Economics Research |
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