(Refiling to restore dropped word "as" to headline) * Graphic: World FX rates tmsnrt.rs/2RBWI5E By Stephen Culp NEW YORK, Feb 17 (Reuters) - 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 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% 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. 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 . The euro slipped 0.5% to $1.20. The positive mood on the economic outlook is underpinning risk-sensitive currencies. The British pound fell 0.3% to $1.39, having reached its highest level since April 2018 on Tuesday. The Australian dollar fell 0.19% to $0.77. ======================================================== 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 90.9330 90.7090 +0.26% 1.058% +91.0380 +90.6170 Euro/Dollar $1.2042 $1.2104 -0.52% -1.44% +$1.2105 +$1.2031 Dollar/Yen 105.9000 106.0150 -0.10% +2.54% +106.2150 +105.8500 Euro/Yen 127.51 128.35 -0.65% +0.46% +128.4500 +127.4600 Dollar/Swiss 0.8974 0.8928 +0.50% +1.42% +0.8983 +0.8927 Sterling/Dollar $1.3858 $1.3902 -0.32% +1.43% +$1.3907 +$1.3844 Dollar/Canadian 1.2727 1.2691 +0.29% -0.05% +1.2746 +1.2688 Aussie/Dollar $0.7738 $0.7754 -0.19% +0.60% +$0.7771 +$0.7725 Euro/Swiss 1.0805 1.0804 +0.01% -0.02% +1.0811 +1.0795 Euro/Sterling 0.8688 0.8706 -0.21% -2.79% +0.8720 +0.8681 NZ $0.7169 $0.7208 -0.53% -0.15% +$0.7213 +$0.7159 Dollar/Dollar Dollar/Norway 8.5000 8.4470 +0.91% -0.73% +8.5265 +8.4470 Euro/Norway 10.2364 10.1969 +0.39% -2.21% +10.2703 +10.1938 Dollar/Sweden 8.3384 8.2912 +0.08% +1.73% +8.3499 +8.2833 Euro/Sweden 10.0409 10.0330 +0.08% -0.35% +10.0555 +10.0318 (Reporting by Stephen Culp; additional reporting by Ritvik Carvalho; editing by Jonathan Oatis)