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Currency outlook
; T- G( k ]3 a! e( ZLevel, end of period& _, L6 ]" {9 P% z; S! J
RBC Economics outlook compared to the market U0 f/ K$ V1 O- h4 B: B
Source: Bloomberg, RBC Economics Research' U! }% c! T/ |1 j' C) K
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
$ d7 l9 E0 T' v" ^' s) H; hCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.021 E$ \9 r+ s9 y4 c. J8 M4 x# w
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
5 s2 e6 G; u; n/ h. ~6 `U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
% J3 t H9 I+ Z! k; `0 e" cNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75( n$ I+ ]+ |$ V$ @3 U
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
% x& s* H# v3 L5 j1 a( O3 XChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
' Y% f) {( r; u; [Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
: @* l6 ^* \ x0 g: o4 ~ tMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
* s. L$ T9 H- n+ u
( a. {" \7 ?7 W/ z1 iCanadian dollar cross-rates0 y% ^- ^' _) S o* H0 a
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2+ s) E @+ e" `; L3 q
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
8 B. Z4 F1 B2 B" b6 T: ]GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
v8 p% W% X' R; I$ B4 NNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77- q/ \4 c4 M+ W# o6 b* H
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3+ g) J/ g( t d* G) A
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
+ y' H5 r- |: Y% V
( F' W1 r9 J" D) O/ c, M2 ?& ? m3 LSource: Bloomberg, RBC Economics Research |
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