Leading Index for US in 2015
Leading Index for US opened 2015 at 1.70 and closed at 1.63, a -4.12% move for the year. The high of 1.89 was reached on May 1, and the low of 1.55 on November 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 1.70 | 1.70 | 1.70 | 1.70 | +0.00% |
| Feb | 1.70 | 1.70 | 1.70 | 1.70 | +0.00% |
| Mar | 1.70 | 1.70 | 1.70 | 1.70 | +0.00% |
| Apr | 1.71 | 1.71 | 1.71 | 1.71 | +0.00% |
| May | 1.89 | 1.89 | 1.89 | 1.89 | +0.00% |
| Jun | 1.68 | 1.68 | 1.68 | 1.68 | +0.00% |
| Jul | 1.84 | 1.84 | 1.84 | 1.84 | +0.00% |
| Aug | 1.76 | 1.76 | 1.76 | 1.76 | +0.00% |
| Sep | 1.78 | 1.78 | 1.78 | 1.78 | +0.00% |
| Oct | 1.59 | 1.59 | 1.59 | 1.59 | +0.00% |
| Nov | 1.55 | 1.55 | 1.55 | 1.55 | +0.00% |
| Dec | 1.63 | 1.63 | 1.63 | 1.63 | +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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