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Currency outlook
6 W2 _' M g: o9 D1 R2 D0 S* @1 KLevel, end of period# ~5 E, @/ a9 W o# }* l& r
RBC Economics outlook compared to the market
' l4 Z5 d/ Q, `( e* |0 @Source: Bloomberg, RBC Economics Research
0 K: w6 D+ W# {09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2( `$ G& ?4 ?3 s
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
0 G: u4 Y; O6 ?) w& IEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.482 `5 J$ O; r% P8 _: ~+ a' P1 x
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
/ k5 O3 V4 b( C/ y( c3 J* pNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
4 N& R- X( w5 V, B4 }Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
3 h! h+ P) m5 X0 p( B+ `' ~Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
/ ]/ T, ~* ?* u2 G; L% FAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
* |! c D% u* x2 t, G$ aMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50; D0 r; Q: _& T0 l9 e
$ B1 X$ ?1 z* `' u) K" Z
Canadian dollar cross-rates
f. U$ D+ O! ~* V. w09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
% \1 z( S: c* s, y7 HEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51; l/ j) h, S3 r: h& q$ P/ B: B
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.822 j- \1 J9 y- E G) D
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77; p0 r4 X0 q6 h3 [) @
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.33 H2 w2 c9 q4 S
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
) X/ J2 J3 \6 i; n$ F$ [7 A& v0 F: |5 D8 G- Y, l: O
Source: Bloomberg, RBC Economics Research |
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