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Currency outlook( j D2 \! j. S4 [( B
Level, end of period7 M/ F0 y/ j% Q% ~* ^
RBC Economics outlook compared to the market2 P- {2 b3 R6 T& g C
Source: Bloomberg, RBC Economics Research
( \3 v n$ |* d" `% w- I" ]09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
{ w+ l$ S& `0 t3 {' GCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02) F& o4 r" k2 t* G: T, p( ?
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
" G1 [% G' G; y7 V% k9 NU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.785 w# `9 o3 l7 D1 a- \9 ]
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.753 E7 [3 }4 y m# v. t2 [( }" l. l
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0' a( k6 O$ g" b& m* h" H5 N/ d
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
l' W3 C) V2 dAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86, h/ |; A2 k; q, q1 C# o% `
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
) I" b2 T7 m6 Z z& ^" C# i# b" E7 O; A7 Q* ^6 o
Canadian dollar cross-rates% N$ G7 @4 y N" A( Y0 F5 |
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
1 |4 u- x* Z! pEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
) _' C- L5 E# DGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
* ~# K5 ~2 M2 S: aNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
' p$ R, E+ b. Z3 i1 ~) v s6 U. c$ dCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3" q1 [$ M$ I* N! g. \3 ]5 z$ ?
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
2 u4 L5 I4 X6 H7 w$ |# M% q* f) w3 X* ^
Source: Bloomberg, RBC Economics Research |
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