China's Services Purchasing Managers' Index (PMI) jumped from 52.5 in April to 54.0 in May, the latest data published by Caixin showed on Wednesday.
The data beat the market expectations of 52.6 by a wide margin in the reported period.
AUD/USD reaction to China’s Services PMI
At the time of writing, the AUD/USD pair is trading 0.23% on the day to retest intraday highs near 0.6660.