The housing market crash in 2008 had a devastating impact on the Forex market. Investors suffered heavy losses when the housing market crashed, leading to an increase in volatility and massive drops in the value of currencies Overnight. This created uncertainty among investors, resulting in large losses. Many different currencies were affected during the crash, with several of them being hit especially hard, including the Euro and the US Dollar. Despite the initial shock of the crash, the Forex market eventually stabilized and the value of currencies steadily progressed, allowing for investors to rebuild their portfolios.