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Currency outlook
1 l' M+ W! b# E% N! [Level, end of period
- v9 Z7 R/ J6 Y" P- K( s) b: `RBC Economics outlook compared to the market1 J: M: ?1 ~9 v3 k6 _
Source: Bloomberg, RBC Economics Research
( E4 x0 w3 p. Z3 Z09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
7 m! n1 U5 Y( y; R) i7 n3 BCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
" U5 \5 c, W% j: SEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.486 s- z8 i2 a C* @( R' z
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
% t" X! F$ J9 s) `& e. o; I! T& kNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
* v$ d# L! h! y3 {4 N- m; ZJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0, H8 G) s. `- ?; h2 P! @6 a
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
5 W/ y& O2 I# d2 Z; q- H6 ZAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
/ |- z+ @" N3 T4 U1 u; F+ rMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50& Q1 R. {/ g! T, I0 B Q
7 y$ U0 J# ], v
Canadian dollar cross-rates0 h7 _0 H4 W, s$ W" g
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q28 B7 M3 l, S0 j% Y* e) ?
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51% k' }: @0 y+ ]3 G {7 a
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
+ ~ v5 ^, }6 FNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
5 q0 F. \4 a1 y1 Z- @CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
" x6 d6 L9 S! k! l. dAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88 `# F5 c0 Q7 t3 ~* E
! M+ f8 X! w" A/ vSource: Bloomberg, RBC Economics Research |
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