Brazil OECD CLI in 2015
Brazil OECD CLI opened 2015 at 97.44 and closed at 96.11, a -1.37% move for the year. The high of 97.44 was reached on January 1, and the low of 95.89 on August 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 97.44 | 97.44 | 97.44 | 97.44 | +0.00% |
| Feb | 97.10 | 97.10 | 97.10 | 97.10 | +0.00% |
| Mar | 96.78 | 96.78 | 96.78 | 96.78 | +0.00% |
| Apr | 96.49 | 96.49 | 96.49 | 96.49 | +0.00% |
| May | 96.26 | 96.26 | 96.26 | 96.26 | +0.00% |
| Jun | 96.08 | 96.08 | 96.08 | 96.08 | +0.00% |
| Jul | 95.96 | 95.96 | 95.96 | 95.96 | +0.00% |
| Aug | 95.89 | 95.89 | 95.89 | 95.89 | +0.00% |
| Sep | 95.90 | 95.90 | 95.90 | 95.90 | +0.00% |
| Oct | 95.95 | 95.95 | 95.95 | 95.95 | +0.00% |
| Nov | 96.02 | 96.02 | 96.02 | 96.02 | +0.00% |
| Dec | 96.11 | 96.11 | 96.11 | 96.11 | +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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