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Currency outlook9 ?2 ?5 x! |/ C& G
Level, end of period( g6 y$ X6 z# i J
RBC Economics outlook compared to the market% r/ h* h. l6 j. K; B( k* ?6 ^& K. T
Source: Bloomberg, RBC Economics Research$ w1 f% P% {4 X5 V
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
: v2 J% y4 A0 U) Z8 W, \, F H, bCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02# P6 ^1 N0 q5 R. ~( r7 u" w: E
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.485 v% ~$ U( L) y7 |7 R/ \
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
! M5 U2 i8 C# L0 k& r7 rNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75+ p* @) y9 s8 b O/ W) `
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.07 ~* {( Q4 `0 Z
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
5 w2 b5 e' C" K5 ~4 f6 W& SAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
8 T. h4 ]; M# I7 U0 u8 l6 ]Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.508 |# X* y) r' q5 ]* z$ i) Q' U
1 C6 W- |9 K6 ]2 L' u( _+ i
Canadian dollar cross-rates
6 Y- P- M# \& R& {# n09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2- L/ m/ D. D+ a* R$ R4 Y, i
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
* e. O: w9 O' }+ TGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
/ g8 m. e7 p6 G/ zNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.770 H; n6 Z' l# a& N4 A8 W
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
8 b( y. s' \/ q8 P7 ?AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88& |( f+ m! H' w! ]5 _8 s8 B: n
+ R) n" k" N# u2 P, F* S9 y
Source: Bloomberg, RBC Economics Research |
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