European Central Bank (ECB) Governing Council member Olli Rehn said on Tuesday, “it is very likely that September rate hike is bigger than 25 bps.”

More comments

There won't be one single benchmark to measure fragmentation.

Will judge based on several parameters, criteria.

Separately, ECB policymaker Kazimir was reported, as saying that negative rates "should be a thing of history" by September.

Market reaction

EUR/USD was last seen trading up 0.57% on the day at 1.0567.