Korean won drops to 1-month low on speculation of U.S. rate hike

The Korean won dropped to its lowest level in a month on Monday... closing at 1-thousand-112 won to the dollar.
The drop of 13.4 won from last Friday... comes as positive U.S. jobs data for February... raised speculation that the Federal Reserve may raise interest rates... sooner than expected in June.
Also adding to the won's move... foreign investors in Korea turned into net sellers on Monday.
The snap in a recent buying streak put further pressure on the Korean currency.