SEOUL: The South Korean won fell to a 10-week low early in the session as investors were wary of intervention by local exchange authorities to trim the won’s strength to the Japanese yen.
The won was down 0.3 percent at 1,111.7 per dollar, after touching as low as 1,114.7, the lowest level since March 23.
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“The yen’s fall against the dollar and tepid export data are the factors of investors’ worries,” said Jeon Seung-Ji, a foreign-exchange analyst at Samsung Futures.
The won’s losses, however, will be limited by local exporters’ demand for month-end settlements, she added.
June futures on three-year treasury bonds were down 0.01 points at 109.37.
