China’s offshhore yuan strengthens as Grexit fears ease

scmpThe Chinese currency strengthened in the spot offshore market as Greece offered new proposals ahead of an emergency meeting of leaders in the euro zone on Monday to stave off defaulting on the nation’s debt. The offshore yuan added 0.02 per cent to 6.2052. The onshore market is on holiday due to the Dragon Boat festival in mainland China.

Source: South China Morning Post