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Currency outlook
% A" k9 R$ `5 m1 y' v0 z* i4 zLevel, end of period2 t8 W" n, Y# [
RBC Economics outlook compared to the market) k7 l, s3 R6 \4 w; N$ m' m8 q
Source: Bloomberg, RBC Economics Research1 R3 t+ f+ Y& Y3 [1 {: C2 q
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
{) F/ l+ r* K; {; R) ZCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.022 n2 L2 I4 l: ]) B2 a- y7 j' q
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
, Z' d6 g' p4 o& g/ | b6 jU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
) s0 \* p1 o( j. s4 H7 N+ bNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
+ _5 K( @8 d9 [Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
3 k$ S2 ?. j- r! T+ c# TChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.303 f( M, A- }8 Z6 M
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
. Z' O6 ]0 X- L& m6 `Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50( L" M* f- x" K5 k
+ ?" ~6 U( r6 j3 o! F$ q3 F+ k
Canadian dollar cross-rates
: q3 I3 Y# } T+ k; }( Y+ x3 W: [* i09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2+ h0 L# r* L' S3 f5 x
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51 P5 k6 M. J" B& r- @
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82- [! [+ W% |9 z* J* Q
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77" V3 Q/ H( u! n1 ^& Y/ w
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
- u: q" D! } k* B; y! |9 QAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88/ q e& ]& U- C! J
0 Z& b1 W% {. a. i$ ?1 ?Source: Bloomberg, RBC Economics Research |
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