The US dollar experienced a decline against major currencies as investors closely monitor upcoming inflation figures. Both the euro and sterling gained strength, while the yen maintained stability near its recent benchmarks. Recent jobs data from the US has tempered expectations for an imminent Federal Reserve rate hike, resulting in a drop in Treasury yields, which contributed to the dollar’s downturn.
Wendy’s draws buyout bid as beef costs and burger rivalry weigh on business
Wendy’s shares jump after Nelson Peltz’s Trian Fund Management offers $7.35 per share to take the burger chain private, as the company faces high beef
October 28, 2026