Dear Student,
Eddy currents (also called Foucault currents) are loops of electrical current induced within conductors by a changing magnetic field in the conductor due to Faraday's law of induction. Eddy currents flow in closed loops within conductors, in planes perpendicular to the magnetic field.
Eddy currents are currents induced in conductors to oppose the change in flux that generated them.[citation needed] It is caused when a conductor is exposed to a changing magnetic field due to relative motion of the field source and conductor; or due to variations of the field with time
Eddy currents in conductors of non-zero resistivity generate heat as well as electromagnetic forces. The heat can be used for induction heating. The electromagnetic forces can be used for levitation, creating movement, or to give a strong braking effect.
Regards