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Currency outlook
# ]$ M! y9 I1 X% D3 mLevel, end of period- y+ m! }' o3 `
RBC Economics outlook compared to the market5 n6 m/ y" {& ~. A4 E* W
Source: Bloomberg, RBC Economics Research% l; ?0 f" C% m9 H) k
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
! _1 S/ ]% X5 H; S$ H1 WCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
1 N- a- u' c# ^$ n, V$ vEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
& a1 T( |% p6 q0 g2 A5 cU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.782 S. [1 G2 K1 D
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
& M9 u: P2 N8 E6 A' q3 }Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
7 b ]1 s- t: M- K) vChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30" `& x$ D# o: _- d" q! v: x
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
. e8 u1 }* Y. NMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50, p8 ~( c& V4 J) u8 U
, n! B' V$ X, P- V. a, }
Canadian dollar cross-rates
: n5 z; b7 S/ Q* Q09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
8 n- F, N6 }, I' @3 nEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.515 a( J( Y- K- L9 F4 [2 T0 s
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
# B- o2 O; H& N1 O& HNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
& A$ i6 f0 W$ U6 G5 G8 KCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.36 G; c' e; B# x( a1 i& k: B
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
/ v5 _ E3 ?/ ]' R5 X, W3 W+ g1 ~- \8 P5 J. @4 C6 [
Source: Bloomberg, RBC Economics Research |
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