The ECB will be making more low-cost loans to banks, which makes borrowing costs lower for Europeans. These moves also discourage investments in the euro currency itself, pushing traders toward the U.S. dollar, which is gaining in value.
For U.S. consumers, these currency moves mean that European-produced goods or a European trip will be cheaper, although a stronger U.S. dollar hurts American exporters whose goods will now feel more expensive to foreign buyers.
Crop report shows big supplies
The U.S. Department of Agriculture released its monthly outlook on Friday morning, showing more bad news for American farmers. The USDA