The dollar fell across the board early on Wednesday, after a report showed the U.S. trade deficit widened way beyond expectations in November to a new record.
The U.S. trade deficit ballooned to $60.3 billion in November, compared with economists' forecasts for a gap of $54.00 billion. October's deficit was revised to a wider $56 billion.
The euro soared over a cent to $1.3236 according to data from around $1.3123 shortly prior to the report up almost 1 percent from levels late the prior session in New York.
Against the yen the dollar tumbled to 102.34 yen, from around 103.16 yen shortly prior to the report and almost 1 percent from late New York levels on Tuesday.
The dollar also shed 1 percent against the Swiss franc and Canadian dollar to 1.1699 francs and C$1.2007, respectively.