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Currency outlook) @# v" U5 t0 T$ S( w
Level, end of period
/ d; d$ y$ A: \' {7 _# zRBC Economics outlook compared to the market- f# w, b5 D; @; o4 H
Source: Bloomberg, RBC Economics Research
5 m, b7 V4 d# W1 }3 \6 q09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
) Z4 a$ |* @2 i7 L9 w& ZCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.028 N! [8 [5 g/ B. q2 [6 m9 f
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48" V+ T& N8 S( d7 C! I+ R7 G: z
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
0 w0 W2 [ a+ ~New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
/ ]* \& B) z/ L0 h# mJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
4 \- V" f6 S6 L6 C( U* E* ?( NChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
8 ^$ [! p- A0 {1 x( n. p4 L9 ]Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86$ E$ f0 l+ K. A, O
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50- d; h! ~) L( W3 H0 A7 _4 E/ w
& v, l! g. A8 R4 ^Canadian dollar cross-rates
' m% J) T( U+ |: z09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
% [5 [% j- {; `0 YEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.518 ?5 H6 j( _4 w% T& ?7 n& r
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
, m# U5 z \5 j( Y) i j& LNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.777 t, c0 G2 _4 d2 q: X2 \
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.37 s+ Z z4 K- A( f, C% Z- m
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
8 L) x& `. a+ v" l2 R b2 ?' S" G: p* m' q) T2 O
Source: Bloomberg, RBC Economics Research |
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