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. Last Updated: 07/27/2016

Deutsche Mark Rises on Currency Integration Worries

LONDON -- The mark was the focus of Monday's trading on a currency market that was skeptical of a rash of reassurances about sticking to European single currency plans.


The German unit, traditionally a safe haven at times of financial uncertainty, made further progress after a good performance against other European currencies last week as the debate over monetary integration heated up.


But concern about the faltering German economy brought it down below its highs by the close of trading.


Cautious European stock markets, looking for good news on interest rates or new takeover bids, showed a muted reaction to a record-breaking performance on Wall Street.


London ended fractionally lower, after a marginal rise on Friday. The Paris bourse rose after an early loss and Frankfurt advanced in floor trading, only to lose ground later.


Gold, a star performer last week at its highest for over five years, revived after earlier slipping on profit-taking.