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Currency outlook
* l7 G" J3 `6 [Level, end of period
0 y' @5 \! }( yRBC Economics outlook compared to the market( w% d9 Z8 E% E8 x; C3 r
Source: Bloomberg, RBC Economics Research
9 \5 {( n$ \2 r7 J n0 v09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
7 z$ V& ~, r9 b$ _" i- L5 H1 ?4 WCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
- @3 g4 L1 X' |: u$ x: A2 G+ pEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
2 N3 B; {0 K# |+ M0 l' e' ~; ~U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.783 V6 F% H' }7 j6 ?, i
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75+ @6 V) ?9 S# U8 Q% _
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
' H ?# w, G" \' j4 w( S4 n9 aChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30. G8 |- u+ {% V+ W
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86) P3 ~2 m9 k4 s6 F6 n$ ~
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
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Canadian dollar cross-rates
# y6 M6 Q2 f5 J* M- B3 P' U09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
+ S8 G' E4 k/ Q' I) M0 P, mEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51* q1 Z9 g( ?: {8 E( w% f
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
* p9 z2 U+ `% [% c7 e3 MNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.778 N$ M. O! x' p" X, H. I& @
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.32 g* [$ X; }2 R: h D% v
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88$ O6 G. ^- l7 K: `' U
) J2 \9 q$ i. t0 |5 x! {Source: Bloomberg, RBC Economics Research |
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