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Currency outlook
5 h3 k1 ^" `7 O3 VLevel, end of period' h0 `5 E! X2 k2 C: Q4 d5 Y2 G
RBC Economics outlook compared to the market
5 j8 P% K; _* q$ |7 K3 H0 m, xSource: Bloomberg, RBC Economics Research
; D/ k7 D7 ]- @& I- k09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2- t5 m' T2 w4 @1 ~
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02: G1 b A9 U% K0 R/ B% k
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
# a9 v6 R3 d; @( @! R& r/ a2 yU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78' F2 Q+ ]3 @2 Z! _: }+ e
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
% H; u# N0 S) V1 c& I# j# iJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0: J1 `( ]1 N1 A4 e9 g" c
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
% f a9 l- z( J( f) ]Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
+ J& o6 S; a" k3 K5 \0 ?Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50+ g" n/ A. W: b9 m3 _
3 \; g$ N- p; w* c' }7 eCanadian dollar cross-rates
+ `( B" [) ]) D' I0 Y: L09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
; P( j; g3 X2 k2 n' I: K1 R" M8 NEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.519 L$ }, z1 {2 @# K5 H, G$ k
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82* n, z, _# I$ o
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
( A3 {9 X3 H9 |3 A- kCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
1 q! V Z1 \' j$ h7 Q4 }2 [AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
2 \9 z/ [: u/ R& a) |7 |6 W5 O0 V e3 I9 c5 I+ I4 h* r
Source: Bloomberg, RBC Economics Research |
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