This paper provides the first extensive analysis of herding in currency markets, focusing on the trading of mutual … funds in 28 currencies. We investigate herding at frequencies varying from one day to one quarter, and find substantially … higher levels of herding when compared with the evidence from the equity market. We find that herding is more pronounced in …

This study investigates intraday herding on the Euronext, the world's first cross-border consolidated exchange …. Intraday herding is significant in the Euronext as a group and presents us with size, industry and country effects. Importantly …, promote herding formation. Intraday herding is found to be significant before, during and after the 2007–09 financial crisis …