HONG KONG: China's yuan paused its rally on Monday after climbing to a three-year peak against the dollar, as the latest official survey on factories showed activity stalled in May.

The yuan was 0.03% lower at 6.7682 to the greenback, having gained for two straight weeks and moving to its strongest level since early 2023. The offshore yuan fetched 6.7671, down about 0.03% in Asian trade.