China HSBC China Services PMI

HSBC China Services PMI (China) was reported at 53 in December 2014. The reading beat the market consensus of 52.5 by 0.5, coming in above expectations. This represents an increase from the previous value of 52.9. Historically, this indicator is negatively correlated with USD/CNY (Bullish CNY) and positively correlated with AUD/USD (Bullish AUD).