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Currency outlook4 B/ J1 U5 e+ m9 P1 w9 S
Level, end of period
) E" l4 {! r- X# qRBC Economics outlook compared to the market: G6 [1 k; ~' v: l+ L- K# ~
Source: Bloomberg, RBC Economics Research6 A- s) J. G" e
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2: U b! R# X; z% G0 w/ S2 I2 X4 w2 ]
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02/ l; T7 _& |# @4 t$ T
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.480 q, E [4 r( P
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78+ L+ u; Z! X/ L6 L" X% v, F/ D
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.757 X* C% S& W9 K7 a
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
8 {6 I- u; V) h. yChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30" j5 T$ c# M5 S. p
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86; i) I8 ]$ K3 G& ?
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.507 M; x7 L5 b1 J% r+ M* h
# I- Q8 q/ d' n2 k/ W$ P6 t' `
Canadian dollar cross-rates4 s/ s# w% E4 I6 O( M, S
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
- {9 x/ K9 G4 G& A! VEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51: p I* s/ x4 k5 z0 W( A. k A4 ]
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
- d8 s/ g. ~' r0 u$ j0 G& x' i% fNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
; F( w6 r) d+ U% QCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
' T% L3 U# d& O7 ^2 B# p/ ^AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88- [# r; V) p; |, e% R
1 D- b! W3 k7 C
Source: Bloomberg, RBC Economics Research |
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