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Currency outlook
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RBC Economics outlook compared to the market
# \0 r3 m/ c# Y4 A7 w2 F3 Z4 ASource: Bloomberg, RBC Economics Research" M+ O0 {$ z& R3 L, }* h2 L
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
7 l! x9 w$ H1 g7 h2 [& O/ z5 gCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.022 p0 R. {0 S. R
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48+ o8 z4 G+ W; F. B( C; Q
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
' _3 z( c1 v u# BNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75! z% V. x0 v$ j" q% X* x
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
: K' P9 u! |: b2 |- n: \Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30; m1 k* X" J& f; S
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86+ [' ]3 x) v/ S5 r$ h( p: M
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
6 ]4 A/ ~ \# H
4 ^9 h, o+ Y! l6 w2 a- Z) dCanadian dollar cross-rates
5 Z9 ^0 G* b5 ]" S09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
! a8 p$ [7 B* R: qEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
: U8 H% M# A [GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
* i+ y0 w- H4 P! }7 NNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
0 C7 n# r. Z" G9 M4 b6 iCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
) z& I! t, V) ]) V! R/ kAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88; V; F8 ~ w$ m3 w) ^. {
f% J4 O( K* `7 l8 p. Y; }Source: Bloomberg, RBC Economics Research |
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