China services PMI from Caixin/Markit: 51.8 (vs 52.5 Dec)

The Jan China services PMI from Caixin/Markit is out. The consensus was 52.0 vs 52.5 in Dec. However,  the survey was conducted too early to capture the acceleration of the Wuhan coronavirus outbreak.

China services

51.8 vs 52.6 expected and vs 52.5 Dec.

FX implications

more to come...