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

Against the greenback, the yuan slid to a 10-month low of 7.3217 from a recent high of 7.3098. At yesterday's close, the yuan was trading at 7.3040 against the greenback.

If the yuan extends its downtrend, it is likely to find support around the 7.34 area.

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