This week has proven pivotal for the USD, with significant developments on the horizon. The Federal Reserve is set to convene tomorrow (January 30, 2025) to discuss interest rates, in light of former President Trump's persistent calls for rate cuts. Simultaneously, the European Central Bank will also hold a crucial meeting. These high-stakes discussions are expected to ripple into the cryptocurrency market, potentially impacting XRP values. Remember, maintain your composure and hold your positions steady.
EUR/USD is down 1.2% from Monday's high above 1.0500
AUD/USD has dropped 1.4% so far this week
NZD/USD is down 1.2% this week, falling back below 0.5700
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