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Currency outlook
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( s, [8 h: }9 p& x; M @, k1 bRBC Economics outlook compared to the market
+ H$ H) T [, L) d1 w: j' r, BSource: Bloomberg, RBC Economics Research! G$ \5 L7 e' T
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q21 m X$ y8 q$ H+ z/ S
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02. j( S4 l* ?% Q8 u) i' g3 v" w
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48! ^8 X! b4 s3 u8 E C
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
0 A3 r0 @) k. v/ k, R2 vNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
- V; F6 O7 T, x+ O$ W- @. ~5 V2 c- N# }Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0# Q6 ]0 e* O: N
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30. t1 [: Z+ s8 ]% I6 |: d2 B
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86* j# D* y$ B9 B8 G
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
( u2 t& v: C6 m# A
; a& h+ b9 F8 S$ f- E) V9 `Canadian dollar cross-rates# q( [; K& ?5 u1 T
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
$ [) ]& W5 T6 i( WEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
7 ?: D2 n( L5 }GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
" H- l3 b" E, w9 \NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
% Q! g$ r- o" fCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
" T% W! k, E7 |3 @) {. Q( C$ jAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.887 t/ O7 a4 l+ o7 d5 c" E
0 i4 m9 }% d' A5 T3 d" {( ~
Source: Bloomberg, RBC Economics Research |
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