The dollar was lower against the euro and yen early Wednesday in Asian trading after slipping in New York amid falling U.S. Treasury yields and renewed speculation about China's yuan revaluation. The dollar was trading at 107.37 yen at late morning in Tokyo, down 0.09 yen from late Tuesday in Tokyo and below the 107.54 yen it bought in New York later that day. The euro rose to $1.2590 from $1.2560 late Tuesday in Tokyo but fell to 135.18 yen from 135.34 yen. The dollar was also mostly lower against other regional currencies in Asia. The U.S. currency weakened against the Indian rupee, Philippine peso and Thai baht. Late Tuesday in New York, the British pound fell to $1.8275 from $1.8295, while the dollar dipped to 1.2292 Swiss francs from 1.2309, but rose to 1.2606 Canadian dollars from 1.2584. In New York Tuesday, the dollar dropped against the yen as U.S. Treasury yields fell, although the greenback recovered later in the day after the Federal Reserve released minutes of its May 3 meeting which gave a generally positive outlook on the U.S. economy. Prospects that the Fed will continue to raise interest rates have helped push the dollar higher recently, offsetting the negative effect from worries about the massive U.S. trade and budget deficits. The speculation surrounding the revaluation of the Chinese yuan continued to put some pressure on the dollar. A boost in the yuan would be expected to lower the value of the dollar while raising other Asian currencies.