HONG KONG - The US dollar rose in Asia Tuesday as the chances of an interest rate hike were further boosted, but stock traders were unable to capitalise on a positive lead from Wall Street. That came as St Louis Federal Reserve President James Bullard said December was "most likely" the best time for a tightening of borrowing costs. The Fed meets next month but is expected to stand pat as that comes just days before the presidential election. In early Asian trade, the dollar bought 104.40 yen, up from 104.21 yen in New York, while the euro and pound also retreated against the US unit. Most other Asia-Pacific currencies also weakened, with the South Korean won down 0.7% and Australian dollar 0.3% off.

Source: Bangkok Post October 25, 2016 03:33 UTC