Market participants widely believe the 98-level could act as the ceiling for the index, which officially publishes on a weekly and monthly basis. Suggestions from two Fed officials that a period of high inflation in the United States may last longer than anticipated lifted the greenback on Wednesday. It was the eighth consecutive softer fixing, the longest such streak since August 2019 - a time of sharp escalation in the Sino-U.S. trade war. OFFSHORE CNH MARKET Instrument Current Difference from onshore Offshore spot yuan 6.426 -0.06% * Offshore 6.5909 -2.44% non-deliverable forwards ** *Premium for offshore spot over onshore **Figure reflects difference from PBOC's official midpoint, since non-deliverable forwards are settled against the midpoint. . (Reporting by Winni Zhou, Jindong Zhang and Andrew Galbraith; Editing by Simon Cameron-Moore) By midday, it was changing hands at 6.4220, 251 pips weaker than the previous late session close.
The difference between this and a recent close is equal to 1.97%.
( z0 equal :ARG1 ( z1 differ :ARG1 ( z2 this ) :ARG2 ( z3 close :time ( z4 recent ) ) ) :ARG2 ( z5 percentage-entity :value 1.97 ) )
(z0 / equal-01
    :ARG1 (z1 / differ-02
              :ARG1 (z2 / this)
              :ARG2 (z3 / close-10
                        :time (z4 / recent)))
    :ARG2 (z5 / percentage-entity
              :value 1.97))
The difference between this and a recent close is equal to 1.97 % .
z1 :ARG1 z2
z3 :time z4
z1 :ARG2 z3
z0 :ARG1 z1
z5 :value 0
z0 :ARG2 z5