Why the Dollar Dropped Over 10 Cents vs Euro Today

The US “Federal Bank” controls the interest rates for lending money in America. It lowers rates to make it easier for people to obtain credit to consume and provide jobs to stimulate an economy. The ill effects of cutting interest rates means that less people will invest in the US as they will receive smaller returns on their money. So investors get rid of the greenback and look for better returns elsewhere where they can get a higher return. This causes the dollar to drop in value.