16:38 EUR/USD: Intraday Volatility Picking Up; CB Seen Both Sides] Boston,
December 9: Dealers note talk of a supranational central bank on the bid just
below 1.2190 and the same name selling on the subsequent rally to 1.2220/25.
This name has been associated with some of the Middle Eastern accounts who have
driven EUR/USD to new heights in the last few months.
China"s Wen is sounding conciliatory on trade issues while Bush is consolatory
on Taiwanese independence in what seems to be a pretty clear quid pro quo.
France"s Mer is on the wires saying the Euro Zone economy is accelerating in Q4
after a Q3 pickup.
1.2230 is the 50% retracement of the day"s range, and a break higher may spark
some intraday short-covering. --Jamie.Coleman@thomson.com/rd