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Currency outlook
6 J5 K" p7 t" ~- b4 {; f5 [Level, end of period% j9 X# U; |# G2 m
RBC Economics outlook compared to the market) C# L% M/ m u4 @- h
Source: Bloomberg, RBC Economics Research8 x% |; N# r6 r9 g
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2; W% g( \3 \1 N' Z% I
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
+ H3 i8 _8 n6 J' c( aEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
1 R' S1 S4 ?5 ]1 BU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.781 [/ G0 ~9 o( ]8 ^0 U0 ]) L q
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
& y) c% r( W: O3 V$ _Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0* t+ E) {3 J" A/ j) x
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
: w5 f3 X2 \" m9 {; }9 KAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.865 f. }, R* J! F% |
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50. m% X) ^) B9 a P; y3 a+ S4 U; \" r
# d$ d1 U P& u5 R3 UCanadian dollar cross-rates
$ W! b! W/ G5 P# U09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2( T9 p* H5 Q6 e9 h
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
+ A% r, I3 v% w# u+ BGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
2 [' }* w- a7 }. A" M$ gNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
% W( B) @* k b" jCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.36 A4 s, O3 M) V+ E8 t3 m" y% u
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
! |8 k* D) T7 |7 H2 c. x' d" E7 ]0 z, Y" y: h/ n7 M& U
Source: Bloomberg, RBC Economics Research |
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