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Currency outlook
8 [; }) V5 N# O/ m) z; RLevel, end of period- G$ a! ?* j2 [
RBC Economics outlook compared to the market
; V. q' M3 `! W; jSource: Bloomberg, RBC Economics Research
5 D( u3 w+ [: W' H09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q22 c6 e _' `* z/ m. w- @
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.024 F: r( `0 \% L. @* b
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
( b" ^& b1 c; q! j0 [& t8 h( qU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
" ?8 ^! k* o0 XNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75+ P* ~1 A {: p3 K* ^4 \; ]
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.03 i6 c; `2 R$ a5 r8 N
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
6 ^9 T. L/ z; Y- JAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
' U+ \: W- y) s; c& G; V8 D2 FMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.509 |$ ]* v0 s0 O! W/ }) `( v5 q' o8 k
( {" j$ U9 ]7 ?* M; DCanadian dollar cross-rates
8 U% m' t7 [9 f+ n; }, e5 n( n09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
) p$ n% q/ e, Q$ F" u \EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.516 P- `* o7 U8 b4 A& V
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82( |% t& o$ t& L$ x, |$ n
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
+ s6 M v/ P* U0 R% ZCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3$ S" Q+ b9 i+ D, Q# g
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
( x, m. {+ H1 N7 S; l
0 n; ]/ I' V4 z( ~, sSource: Bloomberg, RBC Economics Research |
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