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Currency outlook
0 g5 E. H; _) ?, I; y& tLevel, end of period4 }$ f0 }" H4 t+ q& c: b9 b& ~) A
RBC Economics outlook compared to the market
: c! G" _. N& w) K. X4 U0 VSource: Bloomberg, RBC Economics Research
- Z8 R# |7 B. ]2 f1 [- k, ?* T09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2; l) B8 `# U3 q: m6 Y7 V
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
+ b+ F0 y R- G2 }, @, d, fEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
2 B4 J# \& N+ x R: {% M( c0 ^# b; FU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.781 w0 Q. k8 }. B& j) e
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
' @: e& H6 G7 _" lJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0' N# P5 U2 \/ w7 k
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30+ a+ |0 F1 m" C8 F' E$ n
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
, E6 C; t7 X1 `1 V" N! \Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
$ \6 N8 |) N: ~) d0 }/ ]8 V U0 E$ I3 d p
Canadian dollar cross-rates, u3 G& p0 K& E1 i
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q25 \: a* d; C/ q- f
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51: m* p9 i: w2 @6 b( p" `. ]! G* |- N" [
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82& b) i% O0 t p& R1 U8 z" y
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
+ M0 h N1 w4 }& ^CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3( U! l/ b- }' j9 O
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88) m- a" Z; M* ]- \5 e0 T
# ?/ y6 M, G1 v7 S$ s% ~( iSource: Bloomberg, RBC Economics Research |
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