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Currency outlook
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RBC Economics outlook compared to the market
0 R( m; u' g. V$ w+ ISource: Bloomberg, RBC Economics Research6 x" r7 V9 w& D+ a- o4 U+ v, G5 _, z
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
2 @1 t& B) Q% V3 H$ d* E6 A& @Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02( y& M' G, n8 D
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
: Z' i7 }' T* B" l: @$ @- [U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
" [2 q* b0 [+ A7 |$ VNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75/ K6 D; ?8 I! C4 E& A
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
" O% ?9 k3 V: WChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30* D% { M1 N4 D, ^4 Y
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86! `2 C/ T0 v/ g% c& }
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
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$ O) f( G) K5 N" x* m+ k TCanadian dollar cross-rates
n- h/ e/ @' s. P09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
' [* z3 p2 K) z BEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
, A2 i" _, i1 {GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
$ s6 q, P) F1 j7 H! q9 b/ vNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77) V) F/ J* b9 y0 l
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
. |% {- s; i8 G IAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
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$ I3 D, Z! h4 a/ RSource: Bloomberg, RBC Economics Research |
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