* Dollar hits highest against Swiss franc since mid-October
NEW YORK, Nov 11 (Reuters) - The dollar strengthened against major currencies on Wednesday, buoyed by growing expectations that the Federal Reserve will raise interest rates after hot US inflation data and hawkish remarks from policymakers.
Traders have boosted bets on a 25-basis-point Federal Reserve rate hike in December to 87% from about 70% a month ago, according to CME's FedWatch Tool, after US consumer prices rose more than expected in October for a third consecutive month.
The rise in rate expectations is helping support the dollar, said Elias Haddad, global head of markets strategy at Brown Brothers Harriman & Co.
The dollar rose 0.69% to 159.84 against the Japanese yen , hitting its strongest in over two months and nearing the psychologically important 160-per-dollar mark.