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Currency outlook
6 K5 o+ Y0 P5 a LLevel, end of period$ [& M+ p% W1 ], U
RBC Economics outlook compared to the market
7 T# \; y4 x4 i5 r& C1 ?Source: Bloomberg, RBC Economics Research
6 W" i: o( g2 Q6 U' S09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q22 o7 y1 g& D+ S0 y$ y
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02& b2 t4 r9 H: I; _
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48& z5 i, l& r% x
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.788 v0 d4 R$ `3 n3 p% e& V1 r8 f
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
+ n( t) V% p% Q. ]1 m, nJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
7 e, U- ?6 M. X; }+ q# AChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
: N5 G8 c1 p1 E7 B' vAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
- O/ v g' h( EMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50& `; j8 u- \1 z+ \ _
; T) c. A& C1 @3 v/ ]3 t5 v- eCanadian dollar cross-rates
9 S1 U! ~( t% W" f( G$ g) w09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q23 u' h7 `* C7 _) t1 ]3 {
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.516 e: \6 J( j7 u' a; `/ x3 p& Q: F
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.828 c5 L. Y! b. H# Z
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.770 J- H+ j8 _/ X( R
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3: X. m, T$ X3 h U$ g8 `
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88' r) N1 l' v8 Q- I
' P) u% v! B: B9 k2 O, A
Source: Bloomberg, RBC Economics Research |
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