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Currency outlook
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RBC Economics outlook compared to the market
% P5 p) T. j7 Z& r, \6 t9 ?9 cSource: Bloomberg, RBC Economics Research
; L) d$ Q. V4 P. h! |% E" W! [$ q09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q24 Z1 \! N/ i; I
Canadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
0 J2 W# N f/ ]2 S/ F1 jEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
2 Z+ G6 o7 ]$ w# V' J$ ]U.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
5 I3 L( Z8 P5 @# G. z) b& w) hNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
( @( Z( e& T! _8 u6 m+ @* ?# P9 iJapanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
& v ?3 }* m7 x: k6 }Chinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30
$ p7 |) K: I9 pAustralian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86 \8 Z; ?% v9 t+ K8 B
Mexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.507 K3 M7 ^3 z5 K" g0 g
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Canadian dollar cross-rates
) f& k+ I" b L- r+ j. X09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
7 s! {, N4 P( [# H' `EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51& L( z3 J7 g5 Q0 B) K
GBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82; ^- f! x; j: S5 L! @
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77
9 x% O; y2 U$ K& B6 eCAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.37 }5 d# w: K& l7 q* @5 \1 m, L
AUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88( g2 M" s0 N y$ S
& I) l+ a+ K2 T0 `# h7 J: S, G
Source: Bloomberg, RBC Economics Research |
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