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Currency outlook$ `. h+ x# {% s8 I8 S; t G, Y
Level, end of period
, o0 R& C* d5 f2 w0 hRBC Economics outlook compared to the market
0 J- d% v& M2 P9 `Source: Bloomberg, RBC Economics Research
4 U+ V/ ~) v" H. f2 G! b% J09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q27 J1 a! L8 x+ @
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.021 U2 h' t. k( l$ I) Y0 h/ J
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.481 I# d, H4 L9 j- f( A# |( I
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78/ b7 e [- D: h) J5 u2 K
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
% L7 H1 L6 }: B' G9 |2 t1 G" rJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
Z' h v+ J" Q- @! D( W3 RChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30 C4 }! e5 g/ T& k
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
6 @9 p$ p! z) e, V' R4 }Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
) c% W- O! y5 I8 q q& U0 i" J2 \# i; q+ b
Canadian dollar cross-rates {: `% F; ?) X* i3 l
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q27 k7 z! k5 Q* ]7 x1 k, ?
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
6 J! W7 I4 v) J$ O$ Z& eGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
% h) @7 L$ C/ A& tNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
+ ^7 ^* `/ d ~" F; ^1 N: a! xCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3: v& X: @ k) x% E/ |0 R6 s, m
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88: @# u7 H6 z' Z- z0 M
) }& b, G" }1 j1 h
Source: Bloomberg, RBC Economics Research |
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