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Currency outlook
( k8 r( l3 H. ?& Q4 ULevel, end of period6 H8 X* c3 p4 `4 _7 X
RBC Economics outlook compared to the market
9 A- _- M/ _9 gSource: Bloomberg, RBC Economics Research+ j- N# O8 J; v2 c ^0 |4 X5 K
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q27 K: s2 N& [# @ h
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.029 |/ Q1 G7 s. [3 D
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48' O% a; c; W6 Y# }0 Y/ y
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78& {6 l. @9 ^& p) E
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
2 b K" z! ^" f% b, ^/ H2 b; gJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
7 P) p* l. c3 e1 z4 y0 a+ z$ {Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
% _2 f: i4 u1 O) J7 J* ~) @ }* JAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
& K' I( s2 }' z' VMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
2 k5 z: T9 X# g3 S# q" K& V
! N7 `/ g. @* Q3 @8 f, CCanadian dollar cross-rates
$ e( h: F; z0 l! e5 A09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q26 t" v0 ~4 o$ ~- P3 S; ]* t
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51+ H+ o' k; q; X) H8 s; j! I# {- y
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.827 ?) n* q- g# I( \
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.776 @7 n: b+ W- G$ k. ^$ _0 ~
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.39 h/ P) N' A( M! C
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
; t$ \8 ]$ I+ E7 b4 o J7 }& X; w9 o6 l( X5 C
Source: Bloomberg, RBC Economics Research |
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