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Currency outlook
" J4 V; g$ t! M0 ~Level, end of period
6 o2 x3 w& N0 t3 H* t: P3 ~RBC Economics outlook compared to the market
; g2 Q$ w4 D; [1 w+ e! B( `' PSource: Bloomberg, RBC Economics Research$ I* @+ O/ V. t3 d
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2( u6 O6 w) ]" X* Q6 x% f' s: j
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
9 Y8 ^/ c4 ^/ f" zEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
) j! } t' ?9 LU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78$ o/ @; J2 M$ l4 f2 @2 R/ c
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75$ S5 c' `5 l t. B6 o7 u9 U* ~/ d
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0. W: {# ~8 O/ G$ T3 J. a8 A/ r
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
% s4 N% |. D% M4 |/ O; v6 S! vAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.861 v1 N5 h, w! @! Y+ C/ v8 ]
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
+ t @- [1 K1 {9 Y9 S0 z* o
) O/ T" l' I! l8 ACanadian dollar cross-rates
$ D% }3 C& ~$ {$ w8 |09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
& d d$ t& g2 _EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51+ l1 a; U4 d! z W/ r8 X! r
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.828 X+ [( g& j, E6 K+ U8 W v
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77% s1 S% t: H& w; `; g6 Z
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
: m" R) _& H( i1 B( C. ]AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.881 C3 V3 E( A1 K5 x2 A3 W
) B% Q8 A( S3 p$ Y% N: GSource: Bloomberg, RBC Economics Research |
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