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Currency outlook
: |' i& w0 ]$ W2 O0 q- jLevel, end of period$ `5 d5 k' Y; K6 ^7 b% O" g
RBC Economics outlook compared to the market2 t3 x4 Q' @' S
Source: Bloomberg, RBC Economics Research
9 P% @5 Z5 D0 J$ `: \0 z$ l09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q28 Z5 H7 X+ d& V
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
/ P1 ~( b0 |% ?# G( yEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
" Y ]2 U! R/ k, dU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
1 w4 `) c% n$ Q$ R' |1 F4 YNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.759 h- u' R# S! L; s
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
$ R& W2 |; U! y$ ? uChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
$ C( c# X+ S1 R6 @' ~8 FAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
, Q3 A( _# L1 W4 pMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
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Canadian dollar cross-rates
* n/ a$ E" x$ C8 N09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
9 ?2 W9 G" }, F( s5 F9 ~ v% q' aEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
5 K4 S' @: G( H' CGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
9 U2 h" V. N! h# R7 h. e( hNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77/ U) O9 d8 o& y# |# m
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3( P/ I) _% Y3 ^% T6 M. O1 O
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88: O+ Z; w& @/ Y1 y) q. _7 g y, K
3 N/ p4 V# t* K6 N1 t; r
Source: Bloomberg, RBC Economics Research |
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