The won fell by the most in a week as investors awaited a gauge of Chinese manufacturing to assess the health of South Korea’s biggest overseas market.
Colombia’s central bank is stepping up its pace of dollar purchases to curb a rally in the local currency that pushed it to a five-month high.
South Korea and Taiwan have declared a cease-fire in Asia’s currency wars.
South Korea’s won, Asia’s best performer this month, traded within 0.6 percent of a 5 1/2-year high as Asian markets opened after the Easter weekend.
South Korea’s won and the Taiwan dollar gained the most in at least seven months this week amid capital inflows, while India’s rupee retreated after the biggest quarterly advance since 2012.
South Korea’s won gained the most in more than a week as global investors bought local equities after U.S. consumer confidence rose to the highest in six years.
South Korea’s won touched a one- week low as investors avoided riskier assets on indications of a slowdown in China, the nation’s largest overseas market.
South Korea’s won fell from a two- week high as data from the U.S. supported bets the Federal Reserve will continue to trim monetary stimulus.
South Korea’s won headed for the biggest weekly decline in almost two months as slowing growth in the nation’s largest overseas market prompted investors to seek safer assets.
Juckes Says Weaker Yen Is Hurting South Korea