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Currency outlook
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RBC Economics outlook compared to the market
/ H/ l9 o# E1 j# k2 P( u, R; GSource: Bloomberg, RBC Economics Research
9 A- _3 `' t' w8 ~2 z. R3 k09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
; ] i2 e! l; |+ I' X% ?: F- c, NCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.028 x9 C$ U: U) t
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
$ S* } l/ e( \. Y! z* DU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78$ L F+ k: S" p
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.758 G6 ]- s; _5 q' R# H+ e
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
. V* g( t8 n8 P9 cChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
5 @! X; v3 d# r. ?% }Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
3 `9 N8 K! e- O/ O3 U+ pMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
8 Q. N+ n6 A! F: m2 \1 ?8 E5 R: j1 g* \# v: g& p) j7 z
Canadian dollar cross-rates
- Z( O+ f, c- X09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2/ h( Z9 t, x1 \& h# @4 T
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51& C# E4 S$ O# ~; A: w3 B
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.825 C6 g5 |6 Q. [( A: Y( g8 P
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
, \6 g+ C' x9 q1 T$ P+ ICAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
# G- Y7 H, y9 O1 v( n- v; jAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88" t/ i" W. R6 w8 `4 z: D
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Source: Bloomberg, RBC Economics Research |
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