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Currency outlook
; O! I( U) M: g4 M4 [Level, end of period0 J& r+ |8 }) R
RBC Economics outlook compared to the market& o8 o( c: e/ D) f9 x3 @
Source: Bloomberg, RBC Economics Research
) i& J- f0 g1 K; t7 G; U! }& D% R09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2& o! w. G9 @; Q, t. X! J; }
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.022 \1 B1 g# L4 A
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
' V1 w. {0 F+ h' M$ R- {8 uU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.783 _2 Y6 j" G. m+ N3 P
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75; [8 ^" s) a3 e
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
& }3 j& s% {0 CChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.309 }- A% L' Y! B( V" p+ y+ G
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86% Y" o; s+ k& x" ?, {
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50# J# \, R/ Z" K. ~
" u3 t% [ p) {, E3 \Canadian dollar cross-rates
! E5 ~1 w% ~3 o09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q24 X1 u0 r/ r( F3 H( p: {
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.513 Z6 }, q- c" D5 l
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
6 U5 v2 G/ L3 s; f& t, g- e/ FNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
) V) K. y" M& ~! H0 ]8 |7 DCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3' Z& l# y, Q" J# Y- p _2 @3 B
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88% z$ q- S8 R5 v4 l$ d
' M6 E5 o8 \+ h% i6 _5 o& O. J7 `Source: Bloomberg, RBC Economics Research |
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