LONDON, Aug 8 Reuters The U.S. dollar turned higher on Tuesday after another disappointing set of Chinese trade figures hurt the yuan, the Aussie and kiwi, while the yen also eased after Japanese real wages declined for a 15th straight month.
China39;s imports and exports fell much faster than expected in July, data on Tuesday showed, with imports down 12.4 from a year earlier while exports contracted 14.5, in another sign of the country39;s faltering economic recovery and subdued global demand.
The offshore yuan fell to a 212 week low of 7.2334 per dollar, while its onshore counterpart similarly bottomed at a more than twoweek low of 7.2223 per dollar.
The Aussie weakened 0.7 to 0.6522, while the kiwi slid 0.8 to 0.6059, its lowest level since June 29.
China39;s imports data is another sign of weak domestic demand, said Adam Cole, chief currency strategist at RBC Capital Markets.
Australia is the main G10 proxy so it39;s certainly not helping the Aussie, Cole added.
The U.S. dollar also firmed 0.4 against a weaker yen , last standing at 143.125 yen.
Data on Tuesday showed that Japanese real wages fell for a 15th straight month in June on relentless price hikes, but nominal pay growth remained robust amid rising salaries for highincome workers and a broadening labour crunch.
The BoJ will feel more comfortable in its message on the need for continued easing with real wages remaining weak, said Colin Asher, senior economist at Mizuho.
While currency moves had…