The dollar stood near this year's high versus the euro on Wednesday and was poised for the largest monthly rise against it in 14 months, powered by US growth and rising ‌US interest rates in contrast to the energy and debt worries swirling in Europe.

Oil prices rose and bond yields were pinned at multi-year highs on Tuesday, leaving equities in a tricky spot, as investors braced for an era where short-term ‌borrowing costs settle at their highest levels in years.

President Donald Trump will announce on Monday a Minnesota company's plan to build a $15 billion steel mill in Iowa, a White House official said, giving the administration a marquee manufacturing investment ‌to showcase as Republicans head into the November midterm elections.