* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E
By David Henry and Ritvik Carvalho
NEW YORK/LONDON, Feb 1 (Reuters) - The U.S. dollar bounced to a 2-week high on Monday on weakness in the euro, Swiss franc and Japanese yen amid views that the U.S. has an advantage in growing its economy and vaccinating its population against COVID-19.
The euro weakened after Germany reported that retail sales plunged by an unexpected 9.6% in December after tighter lockdowns last year to curb the spread of COVID-19 choked consumer spending in Europe's largest economy. dollar may be more resilient in the near-term because "both growth and vaccination favour the U.S," said Kamal Sharma, director of G10 FX strategy at BofA Merrill Lynch Global Research.
U.S.-based strategists at Wells Fargo (NYSE: WFC ) Securities wrote, "We think USD strength still has room to run." That's especially true against more volatile securities, they added.
The U.S. dollar also gained 0.3% against the Norwegian crown to 8.5815 crowns per dollar. NOK=
Jens Naervig Pedersen, chief analyst for FX and rates strategy at Danske Bank, noted the Norway central bank's Friday announcement of a surprisingly large increase in the daily pace of its fiscal Norwegian crown buying from 800 million crowns in January to 1,700 million in February. ========================================================
Currency bid prices at 10:17AM (1517 GMT) Description
U.S. Close Pct Change
+104.9850 +104.6550 Euro/Yen
+127.1200 +126.6700 Dollar/Swiss
+0.8908 Sterling/Dollar GBP=D3
+$1.3668 Dollar/Canadian CAD=D3
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates
https://tmsnrt.rs/2RBWI5E Dollar hits 2-week high
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