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Currency outlook
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RBC Economics outlook compared to the market
. f# r: {# I, A2 S9 ?& DSource: Bloomberg, RBC Economics Research' O. Q6 I) U! M2 V+ g
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
( G G7 b% t+ Z+ z/ {2 S1 r, [Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02+ \+ T3 m. K& I3 e- E4 K6 S% H& O
Euro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.485 R& S& _! H- S& k
U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78# Z/ v0 i' i& B+ I" F) d
New Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
) C9 w; Z8 \& G! f1 [/ B8 D8 ^0 k2 h: aJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
- s! V8 B. H, r4 F3 L: x) }Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
; Q: T/ C l2 EAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86' O$ ]5 s2 f1 J" v+ I- c( f, c
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50. b0 v. ?: o5 \
7 N6 K' ?* t# d; CCanadian dollar cross-rates/ X" Z: Z6 k& x6 A9 U+ b% c
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2* v/ d# K3 K1 t3 a, s
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51: {+ c3 B% H: ~2 z, t% ~8 B' Z
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.825 V0 V' B* Y& b) Q( k
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
+ n Z% f1 r! z- a$ jCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
; z* |9 \% |" g7 Q8 Y3 s. hAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
5 h/ J% a! O) q9 s! e' c. v
7 u7 _/ @6 j. s7 }Source: Bloomberg, RBC Economics Research |
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