Won drops as importers purchase greenback after recent rally

The South Korean currency declined on Monday trading session falling from the highest level in a three-month period as importers started buying U.S. Dollar after a recent rally of the Won and as speculation over the Fed's monetary policy increased. The Korean Won traded 0.2% lower at 1,055.45 a U.S. Dollar at the close in Seoul following a gain to the strongest since January 2 at 1,050.89.