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

Against the greenback, the yuan fell to a 5-day low of 7.2881 from a recent high of 7.2793. At Friday's close, the yuan was trading at 7.2744 against the greenback.

If the yuan extends its downtrend, it is likely to find support around the 7.35 region.

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