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Currency outlook
& b3 L1 l Y) F! r6 E1 e) I8 ULevel, end of period! z- `* v& a3 l0 [0 g
RBC Economics outlook compared to the market
' K0 ~, p; J' _/ `- i: xSource: Bloomberg, RBC Economics Research5 t4 ?7 T. x, K, S; ~" K
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
8 n& k, g& c/ Y1 c, L+ G# G6 Q( {Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
- f! U. G0 K% k9 wEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
* B2 f0 m- n1 x2 i% @U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
) e3 g u; P% c9 e0 a* u/ f- a" eNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
l) `2 S' y# R7 O: o0 a5 I- c, C I7 _Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0! ~# |0 `- k6 A% {3 f
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30! s( O7 }( u5 S% e# V! G* ^+ T/ O" ?3 A4 v
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
) U5 H6 b0 u g/ |5 U% FMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
4 P- ?) `1 _" E' \; n7 x2 [3 V
5 [8 S) h S ^. `Canadian dollar cross-rates. ~: k- E; x% Z) [
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
; B8 L x/ l! S6 ]( b8 c4 HEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.519 P* F& I+ s) O2 W* s m
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
1 o* [3 k! O6 K8 A# F7 O. p% h8 uNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
5 S# H# [4 l' X& @8 e) p8 LCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3- W1 P* k) \# ]! [* g
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88! R+ V- y6 t' n) k0 W9 V
b4 k* U: \) s/ f7 e2 Q& oSource: Bloomberg, RBC Economics Research |
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