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Currency outlook5 X% o; O5 W: Z. a8 b) Q
Level, end of period1 H; e% l3 A) l0 ?
RBC Economics outlook compared to the market4 Q% G0 F3 D3 w, [
Source: Bloomberg, RBC Economics Research! }' R, R8 Z7 f( _
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2+ @& ]3 {: E9 }
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
( n& K5 W, b+ }" QEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48! Y3 P; @* t9 T2 x0 U z8 |
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
7 k" s7 K; [& D6 z- V$ ]9 k8 f% oNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75+ D& I# d, z, C1 K% L5 Y+ _' y
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
9 ~4 ^( k+ E' gChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
3 P% T V" ^. I& x% s8 C/ Q7 m% q( N- bAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.861 T! w6 U4 t: v/ U7 e
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50+ [, H2 R7 ]1 m- C$ q) O
! S5 p: a# w3 P8 w7 |1 n
Canadian dollar cross-rates% w% b) l5 X! ?% `9 Q
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
* n4 ^9 h! d! | vEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51- x5 {- H& T9 x5 o' T* L4 W
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
+ L# A) b' f* N6 L$ p# h- }NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
9 _+ g" n. X( {% E$ KCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3( j' h. R8 N5 ]9 }7 N8 v) \& x, c
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88+ {! O- j; r8 C2 |
& B' h2 T/ A$ V3 a k9 [) g" N4 @8 l) ^# gSource: Bloomberg, RBC Economics Research |
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