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Currency outlook
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RBC Economics outlook compared to the market
( r9 l' s6 z& {0 Q. _Source: Bloomberg, RBC Economics Research
$ [5 r$ s: t) Y- `/ _, O1 G* H09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
0 @6 D5 ?4 A7 Y- K' @9 P4 D3 @Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02/ C- g. X( E9 }
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
% k: T' ]- Q' F& j$ j+ HU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.785 N* t4 Y- V$ w3 \( V
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75' ~3 r3 v' g: n, p
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0& }! c0 ~; R5 i* A y
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30* I& y+ h: Z3 e
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86" K# x8 r. h4 w4 _8 ]
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50& D/ v! e9 m* p/ t! j) Q/ _3 z
1 ~- z W4 S" w8 g
Canadian dollar cross-rates1 ^5 {) c2 _2 u. g+ s
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q26 c% z9 O: {1 C+ c0 \& b5 u. b
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51, m$ A. H V/ o' X
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
- F$ ]% p. T% K( n5 G. O9 ^ ~6 P! RNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77; N7 E. Y# B P X2 v
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
6 x2 Q. i( z; a' E/ KAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
H, h+ }, F1 G- z& k4 b4 r) j' @. \! h* A( X" T
Source: Bloomberg, RBC Economics Research |
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