Canadian dollar strikes 7 months high to optimal retail sales

* Canadian Dollar Profits 1% versus the Greenback * affects its strongest since October 10 at 1.3712 * Retail sales rise by 0.8% in March * 10-year yields alleviate 1.5 basis points to 3.360% by Fergal Smith Toronto, May 23 (Reuters)-The Canadian dollar strengthens to a seven months high against the US Based declining declining declining declining sales sales. Canada will remain on the sidelines. The loonie trades 1% higher at 1.3712 per US dollar, or 72.93 US cents, its strongest intraday level since October 10. It was the fifth consecutive day of profits for the currency, the longest daily finish line since June. For the week, the currency increased by 1.8%. The Canadian retail sales grew 0.8% in March from February, more than analysts predicted, while provisional data showed an increase in April of 0.5%. The combination of strong domestic data and a reduced demand for the US currency “today put a flame under the Canadian dollar,” said Erik Bregar, director, FX & Precious Metals Risk Management at Silver Gold Bull. The move started “snowball” after USD CAD stop loss orders below the lowest May at 1.3748. The US dollar tumbled against a basket with large currencies and the price of oil, one of the most important export of Canada, achieved 0.6% to $ 61.58 a barrel. On Tuesday, the Canadian nuclear inflation data urged investors to bet that the BOC would leave its benchmark rate unchanged at 2.75% on a policy decision on June 4, after previously expecting the central bank to resume its relief campaign. The Canadian yield of ten years was 1.5 basis points at 3.360%, detecting a decrease in the US Treasury yield. US President Donald Trump has threatened to impose major rates on smartphone giant Apple and goods from the European Union, raising concerns about the slowdown of economic growth. (Reporting by Fergal Smith; Editing by Diane Craft)