Foreign exchange morning paper Yesterday’s important news 1. The yield on three-month Treasury bills sold by the U.S. government on Monday hit its highest level since 2001, at 5.08 percent. That was largely due to concerns about the looming U.S. debt ceiling. U.S. House of Representatives Speaker Kevin McCarthy says his chamber will vote in the coming weeks on a bill to extend the debt ceiling into next year. 2. Foreign holdings of U.S. Treasury securities fell $58.9 billion to $7.344 trillion in February, according to U.S. Treasury Department data. Among them, China reduced its holdings of US Treasuries for the seventh consecutive month, maintaining a near 13-year low to $848.8 billion. 3. Richmond Fed Chairman Eric Barkin said he was comfortable with the state of the banking sector, but did not want to declare that underlying stress problems at banks had been resolved. 4. When asked about changing the 2 percent inflation target, ECB President Christine Lagarde said we can discuss it once the inflation target is achieved. 5. Iraq and the Kurdish region are close to a deal to resume northern oil exports and the proposed deal would not sell oil to Asia, according to sources. 6. Russia, which will raise oil export duties to $14.4 per tonne from May 1, expects oil production to remain stable until 2025 and may build up reserves of no more than 700 million barrels and no less than 100 million barrels. 7. In two new papers published in April by Man AHL machine Learning, ChatGPT performed well in tests that interpreted whether the Fed statement was hawkish or dovish, and in determining whether news was positive or negative for a stock, suggesting that the technology was good at turning large volumes of text — news stories, tweets and speeches — into trading signals. Could be a big step. 8, according to Simap, a Swiss government procurement platform. The Swiss government has awarded Alvarez & Marsal an advisory task contract worth up to 8.7 million Swiss francs ($9.7 million) in connection with the Credit Suisse bailout, according to ch. 9. SpaceX announced that it has postponed the launch of its superheavy Starship rocket, which had been scheduled for Monday, and is now targeting the evening of April 20 for the next launch. In addition, Musk confirmed that the AI project is aimed at the truth and the universe. 10. CME plans to expand the duration of contracts for bitcoin and ethereum options, pending regulatory review, starting May 22. With the new contracts, there will be contracts expiring every business day, Monday through Friday. 11. Egypt said it was preparing to mediate the situation in Sudan, and the United States said it had no plans to evacuate its citizens. 12, Iranian President Mahmoud Leahy invited Saudi King Salman to visit Tehran, Iran’s Foreign Ministry said. 13. Myanmar’s Wa state will suspend exploration for mineral resources from August, local officials said. Wa State is Myanmar’s largest tin producing region. 14. G7 officials said the group would maintain its $60 a barrel price cap on Russian crude oil. Today’s focus is on data and events 09:30 The RBA releases the minutes of its April monetary policy meeting The fundamentals and technical training course is updated regularly on a weekly basis. The course explains foreign exchange related knowledge points systematically and in detail. B station video: space.bilibili.com/68967327/#/ Watermelon video: https://www.ixigua.com/home/1675277877643454/?list_entrance=search Students who like the teacher can add the teacher’s wechat account: 15123332022 or the QR code below to get one-on-one guidance from the teacher. Every working day there are financial morning news, yesterday’s market review, today’s trading strategy, market outlook, real-time call single, single analysis.