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Currency outlook' I8 T8 c3 K6 R# C
Level, end of period: ]+ e( z0 j& [9 J, [
RBC Economics outlook compared to the market0 B8 n8 C, _* N* }7 _( a
Source: Bloomberg, RBC Economics Research) K" N5 ~2 O# w1 ]
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
. ~/ \# O- o( u; N0 U7 NCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
5 s1 v+ i+ `8 D( {Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48* T4 S$ k" Y: U5 s0 J
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78- D" T6 N d4 A3 y
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
% q" V. ?; q5 \4 q* D8 J, pJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
! I7 |4 U/ ^1 x8 tChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
+ N+ D/ p9 S3 o3 H# ~/ OAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.863 E8 |2 h+ x) i7 X+ A" {7 f2 t
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.509 ]- [8 k' c7 T* T! W# e
) i1 T. d6 F0 a4 [1 C$ h9 R( uCanadian dollar cross-rates1 H0 M: W9 l9 q& i8 H
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
8 u5 J1 V& A& d9 Y/ _# rEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
% m4 N/ k$ R! M0 A: E& U5 p% v6 R4 kGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.822 F0 U s8 f2 ^( K9 w! b; S- O
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
! `8 A7 k1 ^0 g, W0 Q" FCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
1 x' _7 X' h1 Z7 l+ kAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
! C) h5 Y$ J1 J8 h3 w2 }
5 a, {1 N* h+ m4 }+ j0 i* G ~( c4 m; wSource: Bloomberg, RBC Economics Research |
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