South Korean Won Falls To 2-day Low Against US Dollar

During the early hours of Wednesday, the South Korean won fell to a 2-day low against the U.S. dollar as a fall in Asian stock prices reduced the attractiveness of the assets of the nation. The cattle also showed weakness against the Japanese yen.

Asian markets retreated today as Japanese automakers fell in great loss of Toyota and investors waited for a U.S. jobs report to shed light on how quickly the world's largest economy can recover.

The Korean benchmark KOSPI closed at 1559.47, down 6.90 points or 0.44% from the previous close.

The South Korean won fell to a 2-under of 1226.60 days against the U.S. dollar at 2:55 am ET Wednesday. The next level of target downwards to the South Korean currency is seen around 1236.0. The dollar gained pair closed Tuesday's session in North America 1218.30.