* HSBC says losses as U.S. consumer loan losses fall

* Futures off: S&P 3 pts, Dow 29 pts, Nasdaq 4.25 pts

* For up-to-the-minute market news, click [STXNEWS/US] (Adds analyst quote, byline, updates prices)

By Angela Moon

NEW YORK, Nov 10 (Reuters) - Stock index futures edged lower on Tuesday as investors paused after the market hit a 13-month high in the previous session on expectations for prolonged low interest rates.

Wall Street reached fresh highs on Monday after the Group of 20 pledged to keep aid flowing to the world economy, strengthening investor appetite for risk and boosting global stocks and commodities while the U.S. dollar fell to a 15-month low. For details, see [ID:nLQ516726] and [ID:nL9362990]

"A breather is expected after a strong rally yesterday," said Peter Boockvar, equity strategist at Miller Tabak + Co in New York. He said the dollar, which was little changed in early trading, was likely to keep stocks pressured.

S&P 500 futures SPc1 dipped 3 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures DJc1 fell 29 points, and Nasdaq 100 futures NDc1 shed 4.25 points.

Chain store sales fell 0.1 percent in the week of Nov. 7 versus a 0.1 percent rise in the previous week, according to ICSC/Goldman Sachs data. Weekly Redbook data is also expected before the bell. The weekly ABC consumer confidence index and the November IBD consumer confidence are also on tap.