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Currency outlook- N8 ~; [ j a: [
Level, end of period1 @" t9 c3 e& ?* p
RBC Economics outlook compared to the market0 p* m( a3 I1 j$ }8 f1 Z! x& U- W
Source: Bloomberg, RBC Economics Research6 e" q X3 u4 ~
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q26 }! v1 A Z' I
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02& \# J7 _; K* H- z$ z
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48! E) S: o8 |9 d: L! [
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
* ]6 B6 U' n( H- cNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
$ }- Z R6 ?( I+ r _ E. IJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.03 ~: L) a0 b% B' ^6 R
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
0 E/ T& o# N& [/ |; H/ p3 iAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.864 w2 F- G5 T2 w# [# T+ l8 x
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
1 X9 e* `" s9 H7 h; V9 V9 K
$ n' p: |2 i! {' u" X7 bCanadian dollar cross-rates% d# \! z8 H+ K, G- j5 J
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
- L$ h" a# V5 d3 S, ]; jEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51' g6 W6 r, j4 x0 p
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
$ ~+ i& M2 e+ v$ H- v" z. M. _NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
' H8 `; }/ b$ ACAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3( Q$ ~2 B8 r7 i+ O
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
1 x; Q$ V" { [% U* ?' }) {
& q! C& q6 H- \' v5 aSource: Bloomberg, RBC Economics Research |
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