The Chinese yuan edged down against the US dollar during Monday's early Asian deals. At 11:30 pm ET, the yuan declined to a 1-week low of 6.8403 against the dollar, compared to Friday's closing value of 6.8325. If the Chinese currency falls further, 6.844 is seen as the next target level.

The People's Bank of China has set today's central parity rate for the dollar-yuan pair at 6.8340.

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