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Currency outlook$ U% a) m4 B, }: i
Level, end of period% x: H2 E7 ~5 N6 k8 e( l4 @
RBC Economics outlook compared to the market8 N0 i+ \# E! [8 A, L7 B
Source: Bloomberg, RBC Economics Research: h, P' F9 q4 R4 ~
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
0 F) B; O) X% W2 x+ V/ c7 wCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
7 j. g+ u1 i# ^( iEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
m$ P7 p# ^+ W% e* Y7 k% xU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78' U$ m! q6 x6 @( _2 g
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
5 [) D9 g' I7 s( W2 {5 d7 SJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0/ N2 s2 i$ W" L6 ]1 u. _& E4 J6 S; C
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
5 ]$ E' I2 ?" O# PAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.866 B8 _+ D/ k/ h8 e! Z7 E
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
( m2 q4 U/ E: F/ S; [, O# f' X6 |+ i2 T6 P1 t; Z6 w
Canadian dollar cross-rates( @0 j( N+ Y! s4 w
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
/ q+ ]; W- b6 ?) [: Y* ~# o o& lEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
' A) _8 I) R* \9 o5 V1 g/ N0 V$ RGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
+ D/ s/ ?6 ?0 @$ eNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.775 C& h+ w/ B3 B. P' e
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3, l6 v# ^+ P1 s# V) q$ \% D
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88' y$ k4 z$ o, ?: ]! T$ O1 F
$ I' d0 ]! [# ^& FSource: Bloomberg, RBC Economics Research |
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