The offshore yuan strengthened 0.16% to 6.5811 per dollar at 10:42 a.m. in Hong Kong, following last week's 1.6% surge that was the biggest gain since January 2017. The currency has been on a tear since the start of June as China's economy rebounded, attractive bond yields drew overseas funds and investors bet on more stable relations with the U.S. in the event of a Biden presidency.
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