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Currency outlook9 _8 k) h: Q* o" a2 b. e7 f" m
Level, end of period
" [- Q: N0 c+ o* r$ v5 ~RBC Economics outlook compared to the market0 D6 v# A m; K8 A3 g* K
Source: Bloomberg, RBC Economics Research: n" D9 Z# U" C" V6 n; q' {5 B8 w) s
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
+ r8 }% Y$ W. ^% t1 ]- WCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02+ b, ?8 r+ O" ^$ E: f2 Y* R
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
! b8 |; m2 x! Z0 `6 c3 bU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78! q( D7 {+ X J6 M/ l2 l" o
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75- q( @) R; [# k- [9 y/ Q0 m
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.01 A/ }8 ^. j$ o) U- ` c% e; e
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
2 D; V' G) `3 ?Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.860 v1 w, v; v( M7 z2 ?5 @: u
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
2 _( k/ Q& ^& r0 E1 X2 R* {8 e+ w2 b! }8 n V
Canadian dollar cross-rates
; V1 o" i! K" r. z09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
" U2 e+ i+ w3 n' g, L# b7 a9 rEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51* T6 C A5 s0 d2 }
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
W# E: `$ s6 Q, E+ O: E5 \NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77% e! U* G: c R2 b! O I. j2 h
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.34 M# |) h4 A$ _3 m. Q! y/ [7 ?
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
0 j/ E% ]* l- W. L) t6 h. h& X& a
Source: Bloomberg, RBC Economics Research |
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