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Currency outlook6 ]* X! w5 ?7 K. y
Level, end of period
; O0 N" \/ z5 O% TRBC Economics outlook compared to the market* [% z. B5 s9 q+ V' s" c r$ z6 {. W0 ]
Source: Bloomberg, RBC Economics Research
/ [5 g5 x7 _3 a3 G, K# x09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
% Z' U2 E3 i3 x; O5 c/ PCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02. i" M n B, A, Z0 _, o% N& [
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
. s6 X6 x+ a& o- R' i! `( kU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
* W% J) I" P( P5 FNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.752 O1 \7 j4 G$ y/ {+ V5 t* h
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
1 S3 C# q' U+ f z+ c! VChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
4 @0 G! d2 M% L4 T0 JAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86+ W- j& Z: _2 v% o
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50" I* G8 ~ O$ \+ N: {
' g7 b$ t/ ^7 {" w# i* bCanadian dollar cross-rates
& {0 { f( w1 e% d, F- {8 k09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2/ _, p: h" ]& n' b) h) f
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51; D) Q5 [9 H( t4 |( a6 u# ~
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
& D0 R( p' s; r4 NNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
- z4 f$ K. Q7 G+ ?CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3, Q4 T9 `1 |3 M* S2 }
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
# R. m' @8 F2 b9 H5 i
6 u/ A+ t6 q- H3 o- o2 a0 tSource: Bloomberg, RBC Economics Research |
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