China’s Services Purchasing Managers’ Index (PMI) inched higher to 51.1 in May from 50.7 in April, the latest data published by Caixin showed on Thursday.
The data matched the market consensus of 51.1 in the reported period.
AUD/USD reaction to China’s Services PMI
The Chinese proxy, the Australian Dollar (AUD) shows little to no reaction to the data release, with AUD/USD adding 0.06% on the day to trade at 0.6500 as of writing.
