Early trade in New York: dollar hits record low versus franc

The dollar hit a record low against the Swiss franc and tumbled against the yen on Tuesday after Japan reported its factory output rose in November for the first time in six months. A surprise decline in US consumer confidence this month, however, helped the greenback recover losses against the euro, which had climbed as high as $1.3274 overnight before falling back to $1.3130, down 0.2 percent.
The dollar's move below the 55-day moving average of 82.59 yen, which had served as key support, accelerated the decline. The euro hit a 3-1/2-month low of 107.82 yen. Against the Swiss currency, the dollar fell to 0.9435 francs, an all-time low, before clawing its way back to 0.9509 francs, still down 0.9 percent.