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Currency outlook, x8 z! ?) A( i1 {% ^; K. b
Level, end of period
7 m1 A+ O% s% u9 Y& W9 zRBC Economics outlook compared to the market
1 ^! w9 S% c4 i; v$ v$ Q! |7 ^3 FSource: Bloomberg, RBC Economics Research
* M) w3 ?7 I: o09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2* C/ n" a) X7 S( B7 F. j/ d
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.020 R3 J. D6 ~4 W" b! C. R
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.483 O/ F% m# u( {6 y6 q# ?
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.786 m# S! c1 e& E) r/ }8 O& \
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.756 E& }4 K9 l8 \
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
^: n/ `& H, s! z6 m6 a; ]) `% rChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.308 i0 F# y5 Y% c+ V' E1 {( U
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
& f% ?( i" i- Y( r4 I. `Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.507 i) ]& R& L+ r* f! Y! {
" R5 p, X a- K XCanadian dollar cross-rates; o3 j" `. Y: D
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2) M+ r" E% X2 S) I) Q/ a; r
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.516 x9 H) V$ @, o% L. ?
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82- G9 Q" i7 E# ? r- I0 g- w" i$ f
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.778 S1 O S1 e) y- c2 s7 e# v
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
, M% U* h3 j0 @! AAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.882 q, D9 n5 H% k, W4 d: ^) B5 Z! i* W% t
; g8 Q2 S6 a; e( k/ ^Source: Bloomberg, RBC Economics Research |
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