* Graphic: World FX rates https://tmsnrt.rs/2RBWI5EThe 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 dollar index =USD was up 0.21% to 90.815 at mid-morning in New York, while the euro EUR=EBS was off 0.36% to $1.209. Against the Swiss franc CHF=EBS the dollar was up 0.45%.
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.
The 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 Securities wrote, "We think USD strength still has room to run." That's especially true against more volatile securities, they added.
The Australian and New Zealand dollars gave up early gains and were down 0.1% and 0.11%, respectively, against the greenback. AUD= NZD=
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 RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Dollar index =USD 90.8150 90.6280 +0.21% +0.00% +90.9240 +90.5010 Euro/Dollar EUR=EBS $1.2094 $1.2139 -0.36% -1.01% +$1.2145 +$1.2069 Dollar/Yen JPY=D3 104.9150 104.7250 +0.24% +1.64% +104.9850 +104.6550 Euro/Yen EURJPY= 126.90 127.07 -0.13% -0.02% +127.1200 +126.6700 Dollar/Swiss CHF=EBS 0.8948 0.8909 +0.45% +1.15% +0.8965 +0.8908 Sterling/Dollar GBP=D3 $1.3681 $1.3693 -0.07% +0.15% +$1.3757 +$1.3668 Dollar/Canadian CAD=D3 1.2805 1.2775 +0.27% +0.60% +1.2819 +1.2763 Aussie/Dollar AUD=D3 $0.7627 $0.7642 -0.18% -0.84% +$0.7662 +$0.7606 Euro/Swiss EURCHF= 1.0820 1.0808 +0.11% +0.12% +1.0827 +1.0803 Euro/Sterling EURGBP= 0.8838 0.8852 -0.16% -1.11% +0.8856 +0.8805 NZ NZD=D3 $0.7175 $0.7184 -0.11% -0.07% +$0.7202 +$0.7151 Dollar/DollarDollar/Norway NOK=D3 8.5815 8.5650 +0.30% +0.05% +8.6195 +8.5590 Euro/Norway EURNOK= 10.3806 10.4099 -0.28% -0.83% +10.4330 +10.3682 Dollar/Sweden SEK= 8.4146 8.3589 +0.29% +2.66% +8.4266 +8.3263 Euro/Sweden EURSEK= 10.1752 10.1455 +0.29% +0.99% +10.1885 +10.1360 <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates https://tmsnrt.rs/2RBWI5EDollar hits 2-week high https://tmsnrt.rs/39BR4Ms
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