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Currency outlook( j5 }# |. @# c0 U( R
Level, end of period+ z# B5 Z* \/ I1 L7 m' C( o
RBC Economics outlook compared to the market& W$ b% S' S7 m; C/ [+ c( ^9 q
Source: Bloomberg, RBC Economics Research/ D( h" m5 b" Y$ N* ^7 t9 p
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2/ j+ @9 [0 n7 |
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
$ C& F8 f) }- v! T+ y7 DEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.486 ]5 @6 L- r- J+ g) R! x6 t$ L
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.785 a7 P" H0 T1 Z: `, Z: G% _- N
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
5 V7 q3 \. J" y& T8 r5 d! o% jJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
# o6 q$ ?/ D/ K3 ?! gChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30& y! d) n0 Z9 c0 {
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86! K, C* U% N% X2 u0 x3 O4 |0 \: O' T: J
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50) W2 l/ t, A+ C8 k. o6 W9 i
8 Z1 u( n$ ^/ ~5 x0 r. I, O+ w
Canadian dollar cross-rates
4 k: @3 o* v. [4 n) H09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
! T, b- W1 F$ n9 L' O( iEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.511 \9 x: j# T3 I1 y7 b
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.826 f% q0 T. W# ?. J
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
5 C( L/ ?1 i" f6 ? HCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
( ^. i% g Q4 PAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
* U( w8 i" P# M& W+ v
4 u+ |+ s: y& N' W9 _% L4 y0 oSource: Bloomberg, RBC Economics Research |
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