AUD/USD in 2015
AUD/USD opened 2015 at $0.81 and closed at $0.73, a -10.25% move for the year. The high of $0.82 was reached on January 15, and the low of $0.69 on September 4.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $0.81 | $0.78 | $0.82 | $0.78 | -4.39% |
| Feb | $0.78 | $0.78 | $0.79 | $0.77 | -0.10% |
| Mar | $0.78 | $0.76 | $0.79 | $0.76 | -1.99% |
| Apr | $0.76 | $0.79 | $0.81 | $0.76 | +3.31% |
| May | $0.78 | $0.77 | $0.81 | $0.76 | -1.97% |
| Jun | $0.76 | $0.77 | $0.78 | $0.76 | +1.20% |
| Jul | $0.77 | $0.73 | $0.77 | $0.73 | -4.33% |
| Aug | $0.73 | $0.71 | $0.74 | $0.71 | -2.43% |
| Sep | $0.7 | $0.7 | $0.72 | $0.69 | -0.23% |
| Oct | $0.7 | $0.71 | $0.73 | $0.7 | +1.26% |
| Nov | $0.71 | $0.72 | $0.72 | $0.7 | +1.32% |
| Dec | $0.73 | $0.73 | $0.73 | $0.71 | -0.46% |
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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