Won rises to 2-year high as exporters sell dollars

The South Korean currency rose on Monday heading for the strongest level in two years amid speculation that exporters are selling dollars to cover month-end expenses and as consumer confidence in the country increased in September. The Won advanced 0.1% to 1,061.23 per U.S. Dollar by 10:02 a.m. Seoul time following a gain to the highest level since August 2011 at 1,054.35 on October 24.