Trading desks watched the greenback tumble to its weakest point since early 2022, sending ripples through currency markets worldwide as investors scrambled to adjust their positions. Currency traders moved aggressively to rebalance their books, with many betting the Fed will cut rates sooner than expected. Australia’s central bank chief Philip Lowe said his team will watch the dollar situation closely before making policy moves. Brazil’s real gained to 5.20 per dollar, though central bank governor Roberto Campos Neto worries about inflation impacts from currency swings. European Central Bank President Christine Lagarde expressed concerns about the euro’s strength during her January 27 press conference.