EMISSIONS: IMO Carbon Levy Too Low To Incentivise Clean Fuel

• The Kiwi is still leading against the Dollar in G10, NZDUSD tests a new intraday high, but a 1 pip at a time move, very gradual.
• As noted on the European Cash Govie Open, next resistance is eyed at 0.5773.
• The Yen has pared some early losses, as Yields edged lower, led by the German Bonds.
• Cable is now the early worst performer albeit by a tiny 0.11%, and continues to trade well within Yesterday's 1.2880/1.2941 (low/high) range, now at 1.2907.

SFRZ7/Z8/Z9 butterfly sees another ~2K trade at -1.5, small offer remains.

SFRZ7/Z8/Z9 butterfly paper paid -1.5 on 4K, triggering action in related and surrounding spreads.