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Currency outlook
- F: t5 S8 z0 x" ILevel, end of period( `/ Z( u% ?1 S- B4 i/ {3 N
RBC Economics outlook compared to the market
1 c+ N3 D( x; W# d ^7 u& jSource: Bloomberg, RBC Economics Research6 I) G& g6 D2 o5 ^) D
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
. t# ?, o8 P4 wCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02 b+ w$ }( i. V/ |
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
' I3 f# g1 H; v& h, I% y) e) sU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
7 n( @0 m0 ]" p- S1 cNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
+ g" |8 W+ S( B- L6 O6 P, GJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
, D8 X/ N# k6 P: f1 LChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.307 \4 {* {3 H, y; R' Y; g- V
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86% l, K0 R: i$ f5 i! J: Y! M1 c
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
/ Y( Y/ n. ]3 @4 H9 V/ ?, ~' g2 x) U& I5 F4 g2 ]- ]
Canadian dollar cross-rates
% {. k2 v: c) p, M& E' I8 [" {6 F09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
6 A9 Q ]+ E$ n8 T6 wEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
) X/ u- Z* ]- M4 {# l( U& }GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82$ w! b* F. n8 v- D& {% o
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77( ~+ Y( }, B- H$ P2 p
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
) J3 G3 B, A0 i- [* uAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
. _$ |9 N) C$ N6 u1 L: A: a4 U \7 h' }9 o2 e) C+ t
Source: Bloomberg, RBC Economics Research |
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