Korean Won Approaches Dollar-Sale Trigger Zone Before Rate Call

The Korean won fell to its weakest since April, approaching a closely watched level as increased overseas investments by local funds put pressure on the currency ahead of the central bank’s policy decision this week.

The won declined as much as 0.5% to 1,479 per dollar, the lowest since April 9, when trade-war fears peaked, and is heading for year-to-date losses even as most of its emerging market peers have gained against the greenback.