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Currency outlook
7 C- N- A$ ^1 y# T: hLevel, end of period
) Q9 {5 W' x) iRBC Economics outlook compared to the market% [; k% l1 L S1 O
Source: Bloomberg, RBC Economics Research
; W0 f# N* J3 M( M" p09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
. Y) B4 B9 Q4 c7 L) _' y8 ACanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02" \ ^4 n6 U" j& \0 A. B L
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48! p9 D$ P9 V& K- g4 n6 r9 u
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
2 i; H2 W6 ]) q/ [New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
4 m6 \/ z1 l6 ~: G# ~1 e2 ]) YJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.05 P' z$ z4 z }, z' Q% K2 z
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
% V7 _1 L- L: Z- p' AAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.864 j1 h7 P4 E' v$ O0 i. _
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
1 s6 W, f9 ]# V! Z5 P6 T' v R+ N7 O% Y& C
Canadian dollar cross-rates
7 [* x# G1 Q+ d, \4 {9 R6 j09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
: a3 s6 E0 ?# S; }' S& MEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.511 T2 s( p. m9 m; u4 M5 H& P/ r- }
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
" n! e+ r" {" b( i7 _" }. MNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
$ D& U3 Z" e, _, N* y+ iCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3/ n ?2 e0 t, A; B: i) `+ M+ F5 i
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
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2 r) e1 H2 D/ Q2 r3 q. hSource: Bloomberg, RBC Economics Research |
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