French utility says bomb threat was a hoax

For those keeping score at home, EDF, the French utility, says the bomb threat aimed at its Chinon nuclear power plant has been proven a hoax.

EUR/USD has dipped back from the 1.3270s as US equities have turned lower on the day. The heavy-handed government involvement in the Chrysler negotiations seems to have some investors spooked, especially the one’s I talk to.Also the downgrade of American Express by S&P has cooled the rally. ..EUR/USD trades now at 1.3228.