Avg Hourly Earnings (Production) in 2015
Avg Hourly Earnings (Production) opened 2015 at $20.8 and closed at $21.23, a +2.07% move for the year. The high of $21.23 was reached on December 1, and the low of $20.8 on January 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $20.8 | $20.8 | $20.8 | $20.8 | +0.00% |
| Feb | $20.84 | $20.84 | $20.84 | $20.84 | +0.00% |
| Mar | $20.91 | $20.91 | $20.91 | $20.91 | +0.00% |
| Apr | $20.92 | $20.92 | $20.92 | $20.92 | +0.00% |
| May | $20.98 | $20.98 | $20.98 | $20.98 | +0.00% |
| Jun | $21 | $21 | $21 | $21 | +0.00% |
| Jul | $21.03 | $21.03 | $21.03 | $21.03 | +0.00% |
| Aug | $21.11 | $21.11 | $21.11 | $21.11 | +0.00% |
| Sep | $21.09 | $21.09 | $21.09 | $21.09 | +0.00% |
| Oct | $21.19 | $21.19 | $21.19 | $21.19 | +0.00% |
| Nov | $21.21 | $21.21 | $21.21 | $21.21 | +0.00% |
| Dec | $21.23 | $21.23 | $21.23 | $21.23 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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