China Treasury Holdings in 2015
China Treasury Holdings opened 2015 at $1239B and closed at $1246B, a +0.56% move for the year. The high of $1271B was reached on June 30, and the low of $1224B on February 28.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $1239B | $1239B | $1239B | $1239B | +0.00% |
| Feb | $1224B | $1224B | $1224B | $1224B | +0.00% |
| Mar | $1261B | $1261B | $1261B | $1261B | +0.00% |
| Apr | $1263B | $1263B | $1263B | $1263B | +0.00% |
| May | $1270B | $1270B | $1270B | $1270B | +0.00% |
| Jun | $1271B | $1271B | $1271B | $1271B | +0.00% |
| Jul | $1269B | $1269B | $1269B | $1269B | +0.00% |
| Aug | $1271B | $1271B | $1271B | $1271B | +0.00% |
| Sep | $1258B | $1258B | $1258B | $1258B | +0.00% |
| Oct | $1255B | $1255B | $1255B | $1255B | +0.00% |
| Nov | $1265B | $1265B | $1265B | $1265B | +0.00% |
| Dec | $1246B | $1246B | $1246B | $1246B | +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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