JP Morgan and Bloomberg launch Asian currency index

The Bloomberg-JP Morgan Asia currency index, which is only available via Bloomberg market information terminals, is designed to be a spot index of the most actively traded currency pairs in Asia's emerging markets valued against the US dollar.

The index should act as a benchmark for aggregate monitoring of Asia's currency markets, said JP Morgan Chase.

"The Bloomberg-JP Morgan Asia currency index is an important step forward for the Asia currency markets," said David Puth, global head of cur