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Currency outlook7 M3 V& @9 N* S& o$ M0 p9 E* P
Level, end of period/ d; J* y3 F5 I
RBC Economics outlook compared to the market
2 E; T: N# p [, R+ h7 p* oSource: Bloomberg, RBC Economics Research
1 k: w* J+ _% H09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
6 e% h4 D+ {2 y& Q7 A# \% P6 xCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.026 z; [* P+ I2 c% l3 i/ J0 `
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48& j# D' t% K( {! u7 X+ s
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
d3 [. T6 F& o9 w1 u p3 L" iNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
' M, w9 V* c! x( h# R6 P/ mJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.00 d' H# \0 B6 D
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
! X2 L' T; C7 L' e- V/ y9 l3 b( zAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
, {" z; h0 n& MMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
$ b/ B1 s( \* S' i( c0 a8 z+ t/ k$ |. `, B
Canadian dollar cross-rates
. V) Q% L0 q; s4 c! }6 ~+ V0 Z09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
9 @1 I" i5 z, jEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51# K% Q9 w [( ]+ }6 Y
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.828 @5 Q3 e! s& M' Q" o' B$ s
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77& s5 D' O* j1 b; n/ M
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
. A8 h }8 e5 y% Q8 dAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88; b2 k; d6 q7 l( d5 w" s: s
0 i; F p2 q4 ]: lSource: Bloomberg, RBC Economics Research |
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