Dollar Gains Ground; Aussie, Yuan Slip After Weak China Trade Data

Dollar Gains Ground; Aussie, Yuan Slip After Weak China Trade Data
U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul on Feb. 7, 2011. Lee Jae-won/Reuters
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LONDON—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.

China’s imports and exports fell much faster than expected in July, data on Tuesday showed, with imports down 12.4 percent from a year earlier while exports contracted 14.5 percent, in another sign of the country’s faltering economic recovery and subdued global demand.