TOKYO - The euro held steady in Asian trade Friday after news that European Union leaders had clinched a deal on setting up a banking union despite differences between heavyweights France and Germany.

The unit bought $1.3072 and 103.69 yen in Tokyo early afternoon trade, compared with $1.3067 and 103.60 yen in New York late Thursday. The dollar was at 79.33 yen against 79.28 yen. EU leaders began two-day talks in Brussels Thursday on hopes for progress in fighting the debt crisis.

By the early hours of Friday they had an agreement, of sorts, on bringing banks under bloc-wide supervision next year, but failed to pin down an exact date.