Yuan slides as China devalues currency on weak trade data - China's central bank took action Tuesday to devalue its currency in an apparent move to try to reinvigorate a slowing economy. Ref. USAToday
China to Allow Direct Conversion Between Yuan and Swiss Franc:
China took another step to boost the yuan's global usage, saying it will start direct trading with the Swiss franc, as the nation pushes its case for reserve-currency status at the International Monetary Fund. Ref. Source 2s