US Dollar Bull (UUP) in 2015
US Dollar Bull (UUP) opened 2015 at $24.2 and closed at $25.65, a +5.99% move for the year. The high of $26.49 was reached on March 13, and the low of $24.2 on January 2.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $24.2 | $25.13 | $25.21 | $24.2 | +3.84% |
| Feb | $25.08 | $25.2 | $25.2 | $24.76 | +0.48% |
| Mar | $25.25 | $25.9 | $26.49 | $25.24 | +2.57% |
| Apr | $25.91 | $24.91 | $26.21 | $24.91 | -3.86% |
| May | $25.03 | $25.46 | $25.57 | $24.51 | +1.72% |
| Jun | $25.61 | $25.03 | $25.61 | $24.62 | -2.26% |
| Jul | $25.23 | $25.43 | $25.63 | $25.1 | +0.79% |
| Aug | $25.49 | $25.06 | $25.62 | $24.39 | -1.69% |
| Sep | $24.91 | $25.1 | $25.16 | $24.61 | +0.76% |
| Oct | $25.09 | $25.25 | $25.45 | $24.45 | +0.64% |
| Nov | $25.23 | $26.08 | $26.08 | $25.23 | +3.37% |
| Dec | $25.96 | $25.65 | $26.02 | $25.31 | -1.19% |
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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