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Currency outlook
( A+ U3 f& s8 I+ e( Z) FLevel, end of period1 i& N2 t9 \( e! j
RBC Economics outlook compared to the market/ A$ `8 S- Z' N) f( }* {! z
Source: Bloomberg, RBC Economics Research+ s/ c4 _7 K! S9 J: M j- Z- \
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2& p# H' K, b) o$ e" E; h" I
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.028 i5 B) Q% R5 @# _; r
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48; q: _. r8 d4 A) d, W5 W s* `
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.781 a- R w# f G7 @/ L5 b A/ H8 z8 c
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
. G; O9 P4 `! sJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0' r* a4 L% C2 l. S/ d
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
5 v1 g9 c7 x- X) S+ aAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.867 w. @5 u, r$ y7 J/ V
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
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, k4 A& _) ~4 Y& eCanadian dollar cross-rates
% F1 `) b! Z* @ d6 H j! V09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
3 i$ d; ^9 y+ `( dEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
~* w- O2 [2 @5 h# n) P5 _& TGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.822 P; J: }. F# `; D6 A
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77- W4 Z' Z. U# I$ w
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
, x' w) f" }2 p% b6 m$ S# D3 ]. H6 NAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88' A' W, [, y8 [: |) T
9 W! `& E0 ~8 o [5 z V
Source: Bloomberg, RBC Economics Research |
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