The Chinese yuan weakened against the U.S. dollar in the late Asian session on Monday.

Against the greenback, the yuan fell to a 4-day low of 7.1944 from an early 1-week high of 7.1411. At Friday's close, the yuan was trading at 7.1706 against the greenback.

If the yuan extends its downtrend, it is likely to find support around the 7.30 area.

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