The South Korean won hit a two-month high against the U.S. dollar on Monday as traders bet that the U.S. Federal Reserve will delay its much-awaited rate hike on weaker-than-expected job data.
The local currency closed at 1,084.8 per dollar, up 7.9 won or 0.72 percent from the previous session's close. It marked the highest close since Feb. 4 when the comparable figure was 1,084.10 and the fourth consecutive day of rise.