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."