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Currency outlook
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0 ] w) _" d9 {8 n* s6 mRBC Economics outlook compared to the market. `7 ?" r4 }9 ?1 E9 g) { p( K
Source: Bloomberg, RBC Economics Research
% i9 N4 r+ c% |, k7 n09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q26 `- s" ?7 j. L' y
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.026 v& A+ F& v7 B8 l0 Z
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
7 Q$ x I8 K# J( s XU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
9 R" ?1 Y S! X+ z( w: @/ xNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
7 Z- i% i, o/ \1 v$ d1 P2 iJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0" A3 _4 y$ G: r6 Q
Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
! k; a! E; g6 Y, F% G0 u' ?. LAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
, q$ o& m& M& u9 }1 a5 w- sMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.504 ]1 P: T2 l1 H8 k
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Canadian dollar cross-rates
1 S+ ~5 i% u) @09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2; ~) ~* v1 q) ?3 H2 l
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
% P9 R* t0 Q& GGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82
: v% `& j) r4 Z. o/ y9 W$ u% T! vNZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
6 A U# F% i7 ~" j: Y/ F% x }5 \CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.36 q& u% u4 E( y) f/ H. D
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
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" K* P4 k) w& U" h( x, PSource: Bloomberg, RBC Economics Research |
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