Earlier in the day, there were rumors of a French ratings downgrade. Fitch refutes the rumor by affirming its AAA rating with a stable outlook.
UPDATE: French debt was high on the eve of the crisis and is rising substantially, says Fitch. It is expected to have one of the highest dent/GDP ratios among AAA-rated sovereigns at the end of 2011.
EUR/USD has bounced to the mid-1.3440s on the headline.