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Currency outlook
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RBC Economics outlook compared to the market
2 `1 Y" K: K. I8 n3 t' wSource: Bloomberg, RBC Economics Research- p* g9 s5 E6 a1 j! U
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
4 J4 n! n' j: s( h' E' m' CCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
9 \" p9 @4 v _$ i& |! Q) H UEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48& p$ N& E/ A0 F( Y$ z8 x
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
1 G2 \+ n. E0 T! j \New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
. Z) _, z2 O" @& A6 h2 `Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0+ o1 p& I: q, c8 L, C. ~
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
# t7 b% Z. z$ y0 u% sAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86, H+ D g1 Z- a! z
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
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/ q X/ i# D. O! s2 ?Canadian dollar cross-rates; G! L3 O3 ^5 E2 Q! Q
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2$ W: T2 I$ E! U, R$ F5 u# g6 w C5 }3 L
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
( g0 @( f: f! g& h- E. s) mGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
, r$ a% Y C+ m; ?, _3 L! UNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
" t1 d+ ~; \+ Q9 g9 H/ L, ~4 Z* y" e- @+ [CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3/ x7 _+ ?! A% F8 k, k
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
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Source: Bloomberg, RBC Economics Research |
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