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Currency outlook; Q/ w* V3 r4 C9 W
Level, end of period$ K3 e" [, A( G7 s: d
RBC Economics outlook compared to the market
; a& [/ J# ?9 n" i' |" c: G* NSource: Bloomberg, RBC Economics Research$ ?! {5 Y9 l G5 G
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
% Y; z" f/ `: c! ~, r$ A- x6 GCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.025 Y& ]. j& b( J2 q! G" k/ b* r
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
5 I! G, K( } f8 F7 d" F. T; l) j* ZU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.787 u* v4 k8 ?5 ~* V
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75( o, F; W! R/ _2 L* H7 ]5 ?9 z
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
8 a9 m4 O2 Q- y4 C, I1 gChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
" e: u6 o' R( _9 S+ g* OAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
3 y% W$ y/ F2 M' H5 J5 ^Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
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Canadian dollar cross-rates# `: ]7 a1 K' I
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
! i; L/ N6 A2 M- F$ u' O# }EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.519 G$ r9 Y C- D; r- Q- \! j4 |
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
9 q1 s# ]0 h2 C) FNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77( v% l: O" ?1 g' f. c/ P0 z. j6 X
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
- I+ O' v5 Q' o# z( X) eAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
' u# u7 s: I/ v' L! ^; e, {1 j# m m5 X8 q; d8 A
Source: Bloomberg, RBC Economics Research |
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