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Currency outlook$ G. g6 M; e/ o
Level, end of period( y$ B+ L' K: q) F
RBC Economics outlook compared to the market
* E8 g$ m; D8 CSource: Bloomberg, RBC Economics Research
" I; Z/ i4 l" ~( v; [* ~' I09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2: M. a3 b: B X
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
8 ` \4 U$ r1 X- WEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.481 a% ~9 B# B( w- l7 `
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78/ J4 c5 v' X/ _5 Y0 \
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.758 z1 p! O% C; R/ }- f
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0- j* o7 x: @; B8 J4 W
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
& w Q7 g) _ K3 w$ C, ?, B6 sAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86# o! n: v' M& c( c# s
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50" ?5 M/ k$ E# g
4 _, D6 J" Q6 O- zCanadian dollar cross-rates
3 K8 o$ H$ }! y* F, Q/ R1 L09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2; o% x# z4 M2 D/ m Y v
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
3 C* Y6 k: U( xGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
& K' F, j$ `: b% t9 \NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
! `: s$ k, p0 f2 l# Z$ l; W* pCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3" _& o& X( E9 y A* M
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.889 h9 N0 }8 E! m" p
+ _6 g. e2 S+ o- S. G R k: Q
Source: Bloomberg, RBC Economics Research |
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