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Currency outlook
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RBC Economics outlook compared to the market
3 e. @1 g+ c! o- Q4 v; R# BSource: Bloomberg, RBC Economics Research
, F1 E, n- q# |/ a. k09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
) x) C' t. Z2 ^4 f. ^) A1 OCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
8 L, S) X1 x+ R5 O2 U5 U# CEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48* o- W D l- _7 }
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78( B/ [: @( y) G; R3 U
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.756 E2 H" X( w. m# a, l* d2 w: n8 c
Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
6 v# A% l2 T5 t1 N: [. nChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
' o! x T, }) z, [6 C+ YAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
6 o( Z6 _9 w% F1 M& @Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
$ [8 _7 M4 u% d/ a/ _( J, a, o- S) L( ~2 f' @. e+ ]& T" b
Canadian dollar cross-rates
2 o. ?# M2 Y4 r3 @% `$ y3 i& d09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
" z" l5 r% _/ TEUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51" p+ Q9 i" D' L1 q W0 R, t; f
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82* ~# b( O" K) D* f6 y' H
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77- K1 D* w$ y4 }0 L
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3# [) R4 k( y: T! V' h
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.888 @# X, [0 X% z+ M# l8 X& Y: c
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Source: Bloomberg, RBC Economics Research |
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