China's onshore and offshore yuan strengthened against the U.S. dollar on Monday, rising above the psychological threshold of 7 per U.S. dollar for the first time since mid-September. Experts said the U.S. dollar rally may be reaching its peak, and the implementation of China's policies to stabilize economic growth, the real estate sector and market expectations will restore market confidence and support the strengthening of the yuan. A report from the BOC Research Institute said the Chinese currency has the foundation to stabilize gradually in 2023. As the U.S. inflation has shown signs of cooling down, the U.S. ... (full story)