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Currency outlook
8 ~# U/ r! F( ILevel, end of period
1 y4 E3 a" K: hRBC Economics outlook compared to the market8 R9 c/ m$ F% _
Source: Bloomberg, RBC Economics Research
, u6 `: V+ `3 c4 o' T( Z& }09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
3 k1 }1 k; q; U" s5 UCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
0 @7 b8 n& p. v0 R8 I+ {+ }Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
! I# S. C* l, A8 ?' ^4 _" FU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
3 V8 k" }% {5 q: b+ |: |) xNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
/ a) C1 Z7 u8 S0 o$ X5 ~; k7 rJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
, r$ ~- q4 x/ V+ b* V! T; `Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
: {) G. r9 Y, d6 b& J# D- k6 kAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
. b" x& _) J2 }) P. K; |: bMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
) g4 c2 l) R% P# o C9 X7 I" l2 r
Canadian dollar cross-rates( {) R! H# A* j# z z) d
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
! J9 M0 \, O" H4 d3 P3 nEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51# T! t) L- O- c( E! Y* A: D) _
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82& m8 G$ d C4 j2 \; S; j
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
% i x% P9 K; P$ U& ^0 u' QCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
4 s: Z* t9 s# f0 lAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88' u& P/ }% T* e- ^$ C
. Q: E& _, ^$ ^! ]$ m7 u2 cSource: Bloomberg, RBC Economics Research |
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