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    (New quote, changes dateline to NEW YORK, previous LONDON, changes byline)

    The dollar rose on Wednesday as rising Treasury yields and upbeat economic data helped the greenback gain ground against a basket of world currencies.

    Bitcoin BTC=BTSP touched a record high of $51,721, a day after the cryptocurrency crossed the $50,000 level for the first time. That brought its total market capitalization to more than $900 billion, as traders bet on its further acceptance among major companies.

    U.S. retail sales and producer prices data blew past analyst estimates, signaling a stronger-than-expected economic recovery from the pandemic recession as vaccine deployment gains momentum.

    "We had a rather strong retail sales data and PPI is firming up, providing another round of economic data that supports the belief that the reflation trade is not going away and that inflation is approaching us," said Edward Moya, senior market analyst at OANDA in New York.

    Rising U.S. bond yields also gave the dollar a boost, with the 10-year yield rising as high as 1.333% US10YT=RR from around 1.20% at the end of last week.

    "The dollar in the short term is going to benefit from yields," Moya said "Long-term, we're talking about a weaker dollar, but in the short term we could see further strength as yields remain elevated."

    "Everyone is going to want to ride this trade until we hear from (U.S. Federal Reserve Chairman Jerome) Powell next week," Moya added.

    The dollar index, a measure of the currency's strength against six other major currencies, recovered from Tuesday's three-week low of 90.117 to last stand 0.26% higher at 90.943. =USD

    The yen, which is sensitive to U.S. yields, reacted the most with the dollar, jumping to as high as 106.21 yen in Asian trade, its highest since September, before retreating to 105.90 JPY= .

    The euro slipped 0.5% to $1.20 EUR= . The positive mood on the economic outlook is underpinning risk-sensitive currencies.

    The British pound fell 0.3% to $1.39 GBP=D4 , having reached its highest level since April 2018 on Tuesday.

    The Australian dollar fell 0.19% to $0.77 AUD=D4 .

    	======================================================== 
    	Currency bid prices at 9:56AM (1456 GMT) 
    
     Description	  RIC		 Last		   U.S. Close  Pct Change	 YTD Pct	   High Bid	Low Bid 
    											  Previous				   Change					
    											  Session											  
     Dollar index	  =USD	   90.9330		90.7090	 +0.26%		 1.058%		+91.0380	+90.6170 
     Euro/Dollar	   EUR=EBS	$1.2042		$1.2104	 -0.52%		 -1.44%		+$1.2105	+$1.2031 
     Dollar/Yen		JPY=D3	 105.9000	   106.0150	-0.10%		 +2.54%		+106.2150   +105.8500 
     Euro/Yen		  EURJPY=	127.51		 128.35	  -0.65%		 +0.46%		+128.4500   +127.4600 
     Dollar/Swiss	  CHF=EBS	0.8974		 0.8928	  +0.50%		 +1.42%		+0.8983	 +0.8927 
     Sterling/Dollar   GBP=D3	 $1.3858		$1.3902	 -0.32%		 +1.43%		+$1.3907	+$1.3844 
     Dollar/Canadian   CAD=D3	 1.2727		 1.2691	  +0.29%		 -0.05%		+1.2746	 +1.2688 
     Aussie/Dollar	 AUD=D3	 $0.7738		$0.7754	 -0.19%		 +0.60%		+$0.7771	+$0.7725 
     Euro/Swiss		EURCHF=	1.0805		 1.0804	  +0.01%		 -0.02%		+1.0811	 +1.0795 
     Euro/Sterling	 EURGBP=	0.8688		 0.8706	  -0.21%		 -2.79%		+0.8720	 +0.8681 
     NZ				NZD=D3	 $0.7169		$0.7208	 -0.53%		 -0.15%		+$0.7213	+$0.7159 
     Dollar/Dollar																					 
    
     Dollar/Norway	 NOK=D3	 8.5000		 8.4470	  +0.91%		 -0.73%		+8.5265	 +8.4470 
     Euro/Norway	   EURNOK=	10.2364		10.1969	 +0.39%		 -2.21%		+10.2703	+10.1938 
     Dollar/Sweden	 SEK=	   8.3384		 8.2912	  +0.08%		 +1.73%		+8.3499	 +8.2833 
     Euro/Sweden	   EURSEK=	10.0409		10.0330	 +0.08%		 -0.35%		+10.0555	+10.0318 
    	<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 
    World FX rates	https://tmsnrt.rs/2RBWI5E 
    
    	^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>                    
 
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