Reuters is out with the latest headlines, citing that the European Central Bank (ECB) is evaluating whether to announce the size and duration of the bond-buying scheme at its next monetary policy meeting on July 21

This follows reports doing the rounds on Tuesday that the central bank will likely drain cash from the banking system to offset any bond purchases made to cap borrowing costs for indebted euro zone states.

The ECB is expected to announce the new anti-fragmentation tool on July 21 when it will deliver its first rate hike in more than a decade.

Market reaction

The shared currency is little affected by the above chatter, as EUR/USD keeps its range near daily lows of 1.0502, down 0.08% on a daily basis.