SEOUL: The South Korean won crept up for a second day early on Tuesday as the greenback weakened on a survey that showed US, manufacturing activity slowed in March, although trade was slow ahead of month-end economic data.
The local currency was quoted at 1,077.3 against the dollar as of 0200 GMT, up 0.1 percent from Monday's domestic close at 1,077.8.
"Investors are going to take a cautious stance today, seeking out momentum-yielding factors while staying in the mid-to-late 1,070 range," said Hong Seok-chan, a foreign exchange analyst at Daishin Economic Research Institute in Seoul.
Hong said the won's movements would be limited throughout the session by impending local indicators, including industrial output data to be published on Friday.
Traders will also keep an eye out for regular dollar sales from local exporters for month-end settlements, he said.
The dollar broadly fell against a basket of currencies after an industry report showed US manufacturing activity slowed this month after nearing a four-year high in February, raising questions over the recovery of the world's biggest economy.
The benchmark Korea Composite Stock Price Index was down 0.2 percent.
June futures on three-year treasury bonds added 0.04 points to trade at 105.69.
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