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Currency outlook! n1 n( O# S2 K" h: B; \: O
Level, end of period: l* q9 o B0 H1 J
RBC Economics outlook compared to the market
& R/ l* Z6 U& i! d( oSource: Bloomberg, RBC Economics Research' V% V1 l. H. N! U$ E/ S) @
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2' L2 ~ X+ P T- o+ [
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
7 r* U/ Y5 E; jEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48& V- B$ Z0 ]* N. t
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78 F" X: k" D' t; I
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75: Q ?( [& Z I/ }, @8 x% L* x
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.05 r/ X& k! G9 P. j
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30. j$ c- y1 S& F2 q' T
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86# N* j3 a! {$ R- T5 H) P( y
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50: Z R4 P' Z' O; J
/ q: @& K) P+ oCanadian dollar cross-rates* S4 V( E% R1 ]. L% J
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
1 }, R! ~& ^0 X! m; Y4 J7 i/ y2 q+ g4 REUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51) K+ ^" b2 c z g& U
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82) J7 I( E6 J% }, K0 ~
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
- X* l# }& z1 K2 Y7 V4 dCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3/ s* V. A3 a/ c4 B$ S
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88- q: l5 q2 q* Y& Y) p& d
" p# U2 R' p, \8 R2 H- H+ d
Source: Bloomberg, RBC Economics Research |
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