G20 OECD CLI in 2015
G20 OECD CLI opened 2015 at 100.22 and closed at 99.47, a -0.74% move for the year. The high of 100.22 was reached on January 1, and the low of 99.47 on December 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 100.22 | 100.22 | 100.22 | 100.22 | +0.00% |
| Feb | 100.20 | 100.20 | 100.20 | 100.20 | +0.00% |
| Mar | 100.20 | 100.20 | 100.20 | 100.20 | +0.00% |
| Apr | 100.18 | 100.18 | 100.18 | 100.18 | +0.00% |
| May | 100.14 | 100.14 | 100.14 | 100.14 | +0.00% |
| Jun | 100.06 | 100.06 | 100.06 | 100.06 | +0.00% |
| Jul | 99.95 | 99.95 | 99.95 | 99.95 | +0.00% |
| Aug | 99.82 | 99.82 | 99.82 | 99.82 | +0.00% |
| Sep | 99.70 | 99.70 | 99.70 | 99.70 | +0.00% |
| Oct | 99.60 | 99.60 | 99.60 | 99.60 | +0.00% |
| Nov | 99.53 | 99.53 | 99.53 | 99.53 | +0.00% |
| Dec | 99.47 | 99.47 | 99.47 | 99.47 | +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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