China Caixin Services PMI registered at 52.2 above expectations (51.7) in December

Jan 6, 2025

PBOC sets USD/CNY reference rate at 7.1876 vs. 7.1878 previous

On Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1876 as compared to Friday's fix of 7.1878 and 7.3035 Reuters estimates.

China’s Caixin Services PMI jumps to 52.2 in December vs. 51.7 expected

China's Services Purchasing Managers' Index (PMI) rose to 52.2 in December from 51.5 in November, according to the latest data published by Caixin on Monday.