The 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. The US dollar index weakened 0.12 per cent to 93.9740 as of 11:10am, while the Hong Kong dollar is unchanged at 7.7516. The euro dollar added 0.23 per cent to trade around 1.1334 against the greenback, the strongest level in over a month after the Greece offered a new proposal to break the deadlock in its negotiation to renew its debt with its European creditors, an encouraging move to ease the threat of a ruinous bankruptcy for the country which would reverberate in the euro zone. Up to 45.8 per cent of bankers polled by China’s central bank in its quarterly survey expect the nation’s monetary policy to be “loose” while the rest expect it to be “appropriate” in the future, the PBOC said in a statement released on late Friday.