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Currency outlook
4 l, y( j9 h! O) X$ KLevel, end of period9 S" a" V f6 B; E
RBC Economics outlook compared to the market3 ]' O) d$ i0 A% I9 C* ?
Source: Bloomberg, RBC Economics Research& D0 C7 X6 S. ^4 J2 v0 a- d
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
, |6 e" Y* F* e8 Y. |9 N& j- H/ wCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.021 c7 Y4 N' P+ R; J, x6 n! A' I- a
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48* d) @! `( K/ B" y* _: ?
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
5 X% ]; H2 ?4 C3 Q1 Q! k) I* YNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
0 Z! ^. p: K3 q! V3 CJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.05 s. j8 j/ Y2 C: Q6 S
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.301 n3 e% ?6 P5 A
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
`1 K9 i W9 f0 R- m7 k; TMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50! d" L- J& ?$ z) E1 q( }( D
/ @( Y* V8 _' u; R4 nCanadian dollar cross-rates- M0 F3 [+ j( R( X
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
* d2 A5 {6 k0 REUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
: }5 U5 T( Z% E" FGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
2 `9 W2 K7 f) f, N$ zNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77' N+ @$ }& G6 K; V4 I( k
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3) p) |. w& a. ]6 F* L
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.884 t4 i7 s' ~, D3 w4 `) k' U
( |& b3 Z" w) h$ A7 t' _' l# ]
Source: Bloomberg, RBC Economics Research |
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