Abstract
This paper examines the EUR/USD currency pair over six different periods to determine the existence of the Monday effect. It is the authors’ contention that the existence of the Monday effect in the EUR/USD currency pair has been impacted by the directional movement of the currency pair and thus varies in periods of EUR strength versus periods of EUR weakness.The results provide evidence that in the January 1999 through May 2000 and in the December 2004 to November 2005 time periods, the currency pair exhibited a statistically significant Monday effect. This Monday effect was not evident in any of the other time periods studied which leads the authors’ to postulate that the existence of the Monday effect is influenced by the relative strength or weakness of the EUR.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
