Switzerland Defends Franc With Cash Reserve Boost

Aug. 7 (Bloomberg) -- Bloomberg's Sara Eisen reports that the Swiss central bank’s foreign-currency reserves surged to a record in July as the euro region’s increasing turmoil forced policy makers to step up their defense of the franc ceiling. Switzerland’s cash pile swelled 11.3 percent in the month, pushing holdings to 71 percent of gross domestic product. She speaks on Bloomberg Television's "In The Loop."
How Emerging Markets Will Rebalance
01:59 - BlackRock Emerging Markets senior strategist Pablo Goldberg discusses charting the emerging market supercycle with Bloomberg's Scarlet Fu, Joe Weisenthal and Alix Steel on "What'd You Miss?" (Source: Bloomberg)
  • Intel’s Sales Mean Strong Data-Center Chip Demand
  • JPMorgan 3Q Profit Increases 22% on Tax Benefits
  • JPMorgan: Results 'Decent' This Quarter