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<p>It started over the weekend:</p><ul><li><a href="https://www.forexlive.com/centralbank/ecbs-knot-expect-us-to-raise-rates-by-05-in-february-and-march-to-not-be-done-20230122/" rel="follow" target="_self" class="article-link">ECB's Knot: "Expect us to raise rates by 0.5% in February and March ... to not be done"</a></li><li><a href="https://www.forexlive.com/centralbank/ecbs-rehn-says-he-sees-reasons-for-significant-interest-rate-increases-before-summer-20230122/" rel="follow" target="_self" class="article-link">ECB's Rehn says he sees reasons for 'significant' interest rate increases before summer</a></li></ul><p>

And intensified on Monday during Europe time:</p><ul><li><a href="https://www.forexlive.com/centralbank/ecbs-kaimr-we-need-to-deliver-two-more-50-bps-rate-hikes-20230123/" rel="follow" target="_self" class="article-link">ECB's Kažimír: We need to deliver two more 50 bps rate hikes</a></li></ul><p>

And didn't let up through US time:</p><ul><li><a href="https://www.forexlive.com/centralbank/ecbs-lagarde-inflation-in-europe-is-far-too-high-20230123/" rel="follow" target="_self" class="article-link">ECB's Lagarde: Inflation in Europe is far too high</a></li><li><a href="https://www.forexlive.com/centralbank/ecbs-visco-possible-to-reach-2-inflation-without-particularly-negative-consequences-20230123/" rel="follow" target="_self" class="article-link">ECB's Visco: Possible to reach 2% inflation without 'particularly negative' consequences</a></li></ul><p>EUR/USD has done a round trip up and down since Monday morning here in Asia (marked with the arrow):</p>

                This article was written by Eamonn Sheridan at www.forexlive.com.