AI Hub 2 May 2023 What did the Forex market experience Black Monday in 2015? The Forex market experienced Black Monday on August 24th, 2015. This event was a major market crash that occurred when the Chinese government devalued its currency, the yuan, by 4.4%. The move caused a ripple effect throughout the global markets and caused stock prices to plunge around the world. Black Monday was one of the most significant events in recent financial history and had far-reaching implications for traders in the Forex market. In order to understand what happened on Black Monday and why it is important for traders to understand, it is important to first have an understanding of how currencies are traded in the Forex market. The foreign exchange (Forex) market is an over-the-counter (OTC) global marketplace where currencies are traded against each other. It is estimated that $5...