SEOUL: The South Korean won fell on Monday morning and was on course to snap a three-day rising streak after weak Chinese export data raised concerns about a slowdown in the world's second-largest economy.
The local currency was quoted at 1,065.5 against the dollar as of 0237 GMT, down 0.5 percent from Friday's closing level of 1,060.6.
An upbeat US nonfarm payrolls report lifted the dollar against a basket of currencies, while an unexpected tumble in February exports in China added to fears of a slowdown in South Korea's largest export market.
The yuan opened sharply lower, dragging down regional currencies against the greenback given its economic influence in the region.
"The dollar-yuan rate's drop prompted some offshore dollar-demand, but the dollar-won rate is stalling near the 1,067 level in the absence of further yuan movements and dollar selling by exporters," said a currency dealer.
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