The South Korean won endured losses against the world's reserve currency as the trade week kicked off, sliding downward from its three-month peak against its rival monetary unit, according to Bloomberg.
To settle worldwide obligations, importers capitalized on the won's strong performance on foreign exchange markets and increasingly purchased the greenback. The Bank of Korea will allow the market to perform but the body will track developments, Governor Lee Ju Yeol said last month.
The value and performance of the won is likely to be impacted by prominent South Korean company Samsung Electronics' release of first-quarter economic data, according to Reuters.
The won edged down 0.2 percent against the greenback on Monday after having pushed to its top value since the beginning of the year.
Eighteen economists polled by Bloomberg unanimously said the central bank of Korea will preserve borrowing costs at 2.5 percent when it convenes for a policy meeting later this year. The Thursday meeting of the Bank of Korea is slated to discuss interest rates, which have been static at 2.5 percent since May of last year, the news source reports.
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