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Currency outlook
7 ]0 n" {2 X7 U3 V4 c1 bLevel, end of period: \) v$ S2 |. H. C0 O7 p# a
RBC Economics outlook compared to the market
# @: z8 ^1 z7 R. JSource: Bloomberg, RBC Economics Research
3 Y$ `0 d4 V$ {8 h2 U" ?% d09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
4 g! \1 B; Z, t; x+ X# }5 j% }Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02; v3 s8 t, W" P: f
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48# V; i3 z3 R/ x C
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.788 q% P. g! u& _& |
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75+ z1 ?! N+ W; M, z( ]8 ]
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0) @+ Z. G0 c& _4 p' E
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30& z7 {+ H! Q; d4 V3 C; A
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86* v( u6 E Y. i$ t C* P- w
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50) A* r- J! |* v$ r+ K* H1 u+ C4 f5 o6 U! ]
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Canadian dollar cross-rates
5 [1 r! {3 ]/ D: N09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
. D2 ]9 p6 Q w# r k, l- w: n BEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.517 L' T! A# Y. c0 A S
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.820 T: Q' j; |: t$ g l$ }- Q
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.775 I" ] J, h: @3 G
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
8 z) s" Z9 K/ `. y) d! OAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
6 A+ A! y8 Q" |! Y$ V6 L A! k' }8 W, ?
Source: Bloomberg, RBC Economics Research |
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