FACTBOX-Emerging central banks step in to curb currency falls LONDON, July 31- Steep falls in emerging market currencies have jolted central bankers across the developing world into action to try and stem the weakness. A JPMorgan index tracking 22 emerging market currencies traded at a record low 71.3 on Friday, and with the U.S. "Central bankers in emerging markets are finally waking up to the fact their currencies may test...
| By: Sujata Rao
FOREX-Dollar ends July on sour note on weak U.S. labor cost data *Dollar index on track for 1.2 percent gain in July. *Upbeat core inflation data bolsters euro. NEW YORK, July 31- The dollar fell against a basket of currencies on Friday, ending a decent month on a sour note as a record-low rise in U.S. employment costs in the second quarter dialed back bets the Federal Reserve would raise interest rates later this year.
| By: Richard Leong
Fed hike: What it means for FX Jane Foley, senior FX strategist at Rabobank, gives her currency predictions if there is a rate hike by the Federal Reserve in 2015.
METALS-Copper down on China; weak dollar cushions losses LONDON, July 31- Copper prices fell on Friday on persistent worries about demand in top consumer China, but losses were muted after weak U.S. data prompted a slide in the dollar. Three-month copper on the London Metal Exchange was down 0.4 percent at $5,240 tonne at 1435 GMT, after sliding as much as 1 percent in the morning and then bouncing briefly into positive...
| By: Eric Onstad