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Currency outlook
) a% r4 @7 i7 `" l( b) ULevel, end of period
" b ~+ t1 b' F" }# i4 l* CRBC Economics outlook compared to the market
5 h. P4 Z1 i/ c9 F* ZSource: Bloomberg, RBC Economics Research
5 h g* \5 z) D- _: @09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
1 l& y1 z4 {: Q. m6 J8 mCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
" j; F# s5 h+ BEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
: e9 R- g0 N+ Y( A& `8 }9 cU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78! ?5 Z0 x# V) K9 g, Z. A
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75' t0 f" f& v( a: S. F
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
- b1 e# k7 t2 O. ^Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30; c0 i7 v1 e: S
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86! S( d+ i+ R) b1 z
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
7 M3 g- ^8 s. X9 S7 E* w; G6 P, o- F: ~* n) U
Canadian dollar cross-rates
w/ ^% s! Y, s2 Y' J09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
2 o/ F/ `, B& Z* q7 G+ J9 ?% `EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.510 y; n) k3 ]' X
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
+ ^; d# m1 P& f$ X. iNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77/ s! E! L0 j( J
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.31 c' b4 b. q; Y8 p
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
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; |% E) _4 @; j2 k' Y! K2 Q A/ PSource: Bloomberg, RBC Economics Research |
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