World leaders are bound to express the hope that the worst of the global economic crisis is passing when they meet this week, but they are under pressure, too, to manage a Chinese challenge to decades of dollar supremacy.

In order for you to start to make money with currency trading, you first have to understand the terms used. FOREX or Foreign Exchange is used in reference to the international currency exchange market. Value of currency is traded against the other for a profit.

The Dollar continued to rally after the New York close last night, with EUR/USD falling a full 100 points from 1.4010 to 1.3910 in Friday Asia morning trading. 

USD and JPY traded lower pressured by an up tick in risk appetite as equity markets rally in reaction to report that the IMF sees the global recession ending. FX markets are closely tracking equities and risk sentiment.

An extremely bullish day for the equity markets pushed investors back to riskier assets and away from the safe haven USD and JPY, causing them to plummet against their riskier counterparts. The rally in equities along with a weak Dollar has also helped push Oil prices above $73 for the first time in over a week.

Forex, FX and the Forex market are some common abbreviations for the Foreign Exchange market. Actually it is the largest financial market in the world, where money is sold and bought freely.

Euro's recovery against the US dollar on yesterday fails to suggest much and a clear breach above 1.4045/50 is required to signal a resume of the uptrend.