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Currency outlook
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RBC Economics outlook compared to the market' k& u0 g: k9 `: \
Source: Bloomberg, RBC Economics Research
( {+ w( G2 d$ ]! ~- N& a$ }6 o# f3 O09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2
) Z! D3 C% I R% K2 ^% r( |1 yCanadian dollar 1.07 1.04 1.02 1.01 1.01 1.01 1.02 1.02
" j7 m/ `2 g- Z3 D& ^( oEuro 1.46 1.50 1.52 1.54 1.54 1.52 1.50 1.48
0 [" {$ Y: q [; p5 g4 yU.K. pound sterling 1.60 1.70 1.75 1.79 1.81 1.79 1.79 1.78
, {- G$ \2 A0 k# W( _8 hNew Zealand dollar 0.72 0.74 0.78 0.80 0.80 0.78 0.76 0.75
- X7 e, D8 `) o( c/ E4 [Japanese yen 89.7 88.0 85.0 84.0 84.0 83.0 85.0 88.0
3 I# _4 S/ |3 y8 NChinese renminbi 6.83 6.83 6.80 6.70 6.60 6.50 6.40 6.30* l. I) x4 a. \2 A" @) @5 N/ f
Australian dollar 0.88 0.90 0.95 0.94 0.93 0.90 0.88 0.86
2 C( S- z5 l+ D* @# \6 uMexican peso 13.51 12.75 12.50 12.25 12.00 11.75 11.75 11.50
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4 h0 F2 @7 d: {/ [* w; aCanadian dollar cross-rates( J) m& T4 W4 d, }
09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q29 Z. b" |0 f3 f7 W) v3 M- _
EUR/CAD 1.57 1.56 1.55 1.56 1.56 1.54 1.53 1.51
* c) [, q- d. K- t$ xGBP/CAD 1.71 1.77 1.78 1.81 1.83 1.81 1.82 1.82* @% ]: ]6 ]; e) ?
NZD/CAD 0.77 0.77 0.80 0.81 0.81 0.79 0.78 0.77( ~( n0 Q- W2 k3 b- m3 O. T( M- J
CAD/JPY 83.9 84.6 83.3 83.2 83.2 82.2 83.3 86.3
1 [- D% m6 h, Z# y0 y% [8 D# pAUD/CAD 0.94 0.94 0.97 0.95 0.94 0.91 0.90 0.88
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2 ^" R m. ?7 \: k! F. BSource: Bloomberg, RBC Economics Research |
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