TOKYO: The dollar edged up Tuesday with investors focusing on a Federal Reserve policy meeting as expectations for a June interest rate hike fade. In Tokyo, the greenback inched up to 119.11 yen, from 119.05 yen in New York. The euro lost some gains that were driven by upbeat remarks from Greek Prime Minister Alexis Tsipras that he was confident tough negotiations with his country´s EU-IMF creditors would result in a deal by early May. Hopes for a deal were also boosted after Athens reshuffled its negotiating team following months of fruitless talks. The single currency slipped to $1.0871 from $1.0889 and to 129.49 yen from 129.64 yen in US trade. The Fed´s policy setting committee kicks off a two-day meeting later in the day, but more weak US data have almost put an end to talk of a mid-summer interest rate hike. Traders want to see if the Fed offers more clues about its timetable for raising rates. Fresh indicators on Monday showed a barometer of services-sector activity slumped in April for the first time since December, suggesting economic growth remains fragile in the second quarter.
