In a report published on Friday, the Financial Times said that the European Central Bank (ECB) policymakers have agreed to start discussions on shrinking its balance sheet in early October.

The ECB is likely to decide by the end of the year to reduce the amount of maturing bonds it replaces in a portfolio of mostly government securities.

Market reaction

The shared currency failed to benefit from this headline. As of writing, the EUR/USD pair was trading at 1.0055, where it was up 0.6% on a daily basis.