Short term money market rates continue to come down rapidly in the face of improving markets, low central bank rates, and a massive amount of stimulus. USD rates have actually dipped lower than JPY and recently CHF rates. USD 3 month money market rates are now the lowest around. The dollar continues to suffer because of increased appetite for risk and plummeting borrowing costs in USD.
Dollar Is Near Lowest in Almost Year as Borrowing Costs Plunge
