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Currency outlook
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RBC Economics outlook compared to the market
$ k' v& p1 p6 [5 C% N/ S9 e' MSource: Bloomberg, RBC Economics Research7 e8 Q3 j- K, r" i4 u- T
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
% v# C5 w1 f, @Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
! q" C0 ]2 v8 |, a! f3 r3 qEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
+ f& k8 \" b2 T+ z7 k) L# V) h* QU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.785 e. c0 J6 K/ X
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75- l2 d6 ?8 [1 |
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0. K, Y9 E2 E% M2 `; n/ `& r3 g7 A
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
( V# l' I5 b$ K f) I0 ?Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
7 V0 r* B9 {: ?Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
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6 P- V1 z/ ]# c% q; ZCanadian dollar cross-rates6 V" q: D# w8 `' F$ \
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
2 E9 Q s0 q9 L; W5 dEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51* \) I4 y& l. M: ]( y1 h9 c
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.820 v: a, W! C9 @$ M) R# |! L
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77: y, b$ Z* d: S* t8 f: w
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.35 _2 T8 z3 C( x' I
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.883 _$ A0 _) ~* W3 q" c8 U
" n9 P: s6 Y$ l$ o1 L4 P3 i/ JSource: Bloomberg, RBC Economics Research |
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