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Currency outlook
2 ^" Y4 @& d6 |Level, end of period
; k+ S" a3 @1 r4 lRBC Economics outlook compared to the market
% V7 q" U# ^# ]& aSource: Bloomberg, RBC Economics Research' s, t$ W m& C1 G$ ~+ ~
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
3 n1 @0 |: p+ }! BCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.026 B; `& k P' k' {) F: _0 i. W
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.486 `6 X3 l7 `7 q8 ~
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.782 L6 t$ j5 [8 [+ }" D+ Y F8 N8 J& i# @
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75( L, m1 i. ~. P, k
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
_( b5 [$ p3 E0 p8 DChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.305 @3 k/ ` p0 H& o0 W2 ]$ B
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
* |7 i4 ?2 z( f4 IMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
4 z {4 h0 J8 S' r* j7 ?9 b8 V: n" x# z8 }, P) d
Canadian dollar cross-rates
! x: L/ D2 S) C/ I( ?+ H09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
- Q! F* p4 L* G# M4 C$ v0 hEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
3 w! h! Y$ R5 s2 k3 b& {GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
- J0 { K" k8 FNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
: y c* R' k8 H$ M" Z4 ]CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
" U) |% b0 D' w( j8 ]: ~5 RAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88, o1 g: g- {; x) u) t7 \
/ ]" C( `8 L) \+ N' G) g% SSource: Bloomberg, RBC Economics Research |
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