Dollar rises on US rate bets, Asia markets struggle

The dollar rose in Asia Tuesday as the chances of an interest rate hike were further boosted, while most stock markets recovered from early losses to track a Wall Street lead higher. "Bullard did not mince words and explicitly gave the green light for a December lift-off, but suggested that the longer term rate cycle is much lower," Stephen Innes, a senior trader at OANDA, said in a note. Most other Asia-Pacific currencies also weakened, with the South Korean won down 0.3 percent and Australian