SEOUL: The South Korean won edged higher in tepid morning traden on Tuesday, helped by exporters' dollar selling for settlements and a rebound in the Chinese yuan.
The won was quoted at 1,064.4 against the dollar by 0257 GMT, up 0.2 percent compared with Monday's close of 1,066.5.
"It appears that the yuan-dollar rate is is having its influence on the won-dollar rate," a currency dealer said.
The renminbi crawled up 0.05 percent to 6.1356 to the dollar near mid-day, easing some concerns after sharply declining against the dollar in recent weeks.
Meanwhile, the Bank of Japan maintained its interest rate and economic assessment on Tuesday, saying the economy continues to recover moderately. The onshore market showed muted reaction.
The benchmark Korea Composite Stock Price Index was flat at 1,955.66 points. March futures on three-year treasury bonds ticked down 0.01 points at 105.89.
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