Forex Weekly Outlook December 24-28

From forexcrunch.com

The US dollar retreated for a second week, even though it was cushioned new fears about the fiscal cliff. The upcoming week is usually one of the most relaxed weeks in the year, as many celebrate Christmas. However, there are still some events to move the illiquid markets, as well as headlines from Washington. Here is an outlook for the major events this week. Last week US GDP growth rate for the third quarter surprised to the upside with a revised 3.1% from 2.7%, beating forecasts for a 2.8% rise. Jobless claims increased to 361K still on positive ground. However these encouraging figures could soon ... (full story)