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Currency outlook [ s i- C4 d; b- r
Level, end of period
2 T& `- M) q1 e5 v) e2 RRBC Economics outlook compared to the market' j3 @, V2 G& B
Source: Bloomberg, RBC Economics Research8 _4 t- O! U4 f% S
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2- V. l+ n) k0 H- m! A* H
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02# Y; ]! n6 {* l4 [. q
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
9 {+ u4 }2 |9 w. m# X9 LU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
& U L1 j/ P) XNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75% n. B6 R% P2 p- v) B x
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
! M# G" l* x' a" WChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
2 o# M( Y4 r) TAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
5 p! Z6 D, H& p$ u" iMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.505 H5 _, u) c& p+ V% w
[" S, U8 Z% \5 ]# y2 bCanadian dollar cross-rates
. T% m0 N- [1 j5 r3 O0 Q. e% l09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2) S% v" D3 e8 b8 B
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.511 E. z Q$ P* f
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82$ a. l8 k8 O( h$ N; [) M
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77: v6 M9 U1 v% c# R: ^, p
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
0 L; w2 j$ g0 K3 B4 ~8 hAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.882 i- G/ k$ u- J( s, }1 Y
- N1 H. H& T* {% T: g7 ESource: Bloomberg, RBC Economics Research |
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