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Currency outlook
5 w( B- b$ e8 v% N$ XLevel, end of period
' M3 R0 \8 A9 E( _, gRBC Economics outlook compared to the market% U) E/ P2 b3 A8 H& x; ^" B9 ? U
Source: Bloomberg, RBC Economics Research4 q: W" t0 P* n- _8 m
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
$ ]8 U: P# E& f5 p' B7 w( w- JCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02 L- C, M( G8 J3 p6 x$ F
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
' z6 ^6 |5 p$ t$ C. JU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.782 o8 y3 \, w* E. Q. F
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
- \. {: U+ {9 _9 Q4 uJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.03 F3 n1 r w ^4 \4 D
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30) F) P6 v, D4 ?( t; Y
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86" _3 G( W- I1 s9 \- }
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50$ v" d$ K8 W0 c" d) }
/ [8 b+ e) J( _$ j) o! ] @$ G
Canadian dollar cross-rates* [* q$ l, { n$ Q
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2( q2 V# I+ P9 p8 i# g4 {
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51& l' W5 i& Z7 I( Y2 g
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
( X) s, H1 S% LNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
" F9 k5 \5 `8 d; L3 q$ ECAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
5 @( n8 \9 t1 B2 jAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
) h) {- Q- ]7 H8 d% o$ G: u
& @& H7 R4 g; ?- K9 {2 RSource: Bloomberg, RBC Economics Research |
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