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Euro halts slide, Canadian dollar skids to two-month low
Oct 22nd 2012, 06:29

TOKYO/SYDNEY (Reuters) - The euro crept up on Monday after Spain's prime minister won a boost for his austerity drive with an election victory while the Canadian dollar was the big loser in Asia trade on expectations that the central bank may drop its hawkish tone following tame inflation data. The single currency stabilized around $1.3040, up slightly from late U.S. levels, helped by Prime Minister Mariano Rajoy's victory in his home region of Galicia on Sunday, which was seen as removing a hurdle for Madrid to apply for international aid. The euro had fallen for two days late last week from a one-month peak of $1.3140 after Spain made no moves to seek help at a European Union summit....

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