Dollar at three-week low on tamped down fears over inflation Hideyuki Sano , By Hideyuki Sano TOKYO (Reuters) - The dollar stood near three-week lows against the euro and the yen on Wednesday, after a larger-than-expected uptick in a U.S. consumer price gauge did not spark wider fears about accelerating inflation and the Federal Reserve 's tapering. The dollar traded at 109.03 yen, near its lowest since late March, while the euro popped up to $1.1948, hitting its highest level since late March, as it extended a rally from a five-month low of $1.1704 set on March 31. While the dollar was stuck near its familiar ranges against most other currencies, the dollar's index against a basket of six major units hit a three-week low of 91.791 and last stood at 91.831.