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Currency outlook: d# \7 _7 Z+ Z" }" \
Level, end of period4 u1 x) ?2 X9 U
RBC Economics outlook compared to the market2 g! l7 }% k& o, w w/ Y
Source: Bloomberg, RBC Economics Research/ W6 V2 h6 c8 m; ]
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2& C& P% Y- t, o8 m7 J7 n; F
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
8 ]4 q0 H3 H& m1 v' wEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
( P. Y! }- f; U. n6 TU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.784 e" g- b: Z. Y- e' D" G7 u
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75& C. e b- d* o7 t- p0 C: @4 l
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.09 a9 T0 p% V0 y
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30( Y$ q# D; B1 f3 @
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
4 ~8 F: Q0 g7 mMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
- o- U5 C+ X6 n% X% s; ]3 [( Z( O0 _1 s' n
Canadian dollar cross-rates
0 z" g* }6 A& ~( g) V6 d09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
1 v1 [( u1 B. p8 C+ R2 O% tEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
. r8 v/ ~9 e0 BGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.825 ^! Y- @ s1 a5 c: @0 `9 ]# e. v
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.778 @" ?$ l3 A# _0 V/ q2 O
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
) X5 [# l' i1 A1 D7 w2 p6 N: XAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
7 Z8 H# F O) w& Z, W ], y
0 L" A* O v, z- J; I) oSource: Bloomberg, RBC Economics Research |
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