US STOCKS-Futures edge higher after dollar rally subsides
* Futures up: Dow 19 pts, S&P 2.5 pts, Nasdaq 4.75 pts
By Tanya Agrawal
May 27 (Reuters) - U.S. stock index futures were higher on Wednesday as the dollar retreated from its largest gain in two years and as worries about Greece receded.
* In early European trading, the dollar was down around a third of one percent against a basket of currencies, after jumping 1.3 percent on Tuesday, its biggest rise since July 2013.
* Greece and its European creditors have also played down fears that Athens would default on a payment to the International Monetary Fund next week.
* U.S. stocks recorded their steepest fall in three weeks on Tuesday as the dollar rallied after buoyant data fueled expectations that an interest rate hike could come sooner rather than later.
* Applications for U.S. home mortgages fell last week as interest rates rose, an industry group said on Wednesday.
* Tiffany's shares were up 6.6 percent to $91.19 in premarket trading after the luxury jeweler's quarterly profit beat estimates.
* Michael Kors Holdings fell 11 percent to $53.92 after the handbag maker reported its slowest sales growth in at least three and a half years as demand in North America weakened. Continuación...