Futures, Dollar Surging After Leaders Announce "Deal"

At this hour, Obama, McConnell, Harry Reid, and John Boehner are all on the same page, with a debt ceiling “deal” that would avert default.

Of course, our system doesn’t work on 4 people agreeing to a deal. We still need to see votes, but regardless, markets like the news.

The Nikkei is higher, US futures are higher, and the dollar (against the yen shown here) is surging.

chart

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.