China's crude oil processing surged in October, reaching nearly 15 million barrels per day, according to the National Bureau of Statistics. This robust demand signals a strong recovery in China's industrial sector and may influence global oil prices, potentially impacting currency pairs like USD/CAD and EUR/USD as traders react to fluctuating energy costs.
The increase in oil processing could strengthen the yuan against the dollar, as higher energy consumption often reflects economic vitality. Market analysts will be closely monitoring how this data affects investor sentiment and trading strategies, particularly in the context of ongoing geopolitical tensions and their implications for supply chains and exchange rates.
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Data Source: FX Killer Analysis Team Updated: 2025-11-14 13:48
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.