AUD- Quotations - under pressure from China, trade flows of iron ore and mining in Perth.

Quotes AUD / USD since the beginning of the year lost over 9%. Wednesday AUD reached absolute minimum value (0.7371) for the period from May 2009. Today AUD timidly recovering levels around 0.7470, although it is used as a liquid substitute of the Chinese currency.

According commentary Financial Times, the decline in AUD was caused by slowing growth of the Chinese economy and the collapse of stock markets in China. PRC is a basic trading partner of Australia and bought a huge part of Australian mining mining industry.

According to Bloomberg, the concerns of investors caused by the alarming situation in China, triggered a collapse in the price of iron ore. Data for ore supplied in Chinese industrial center of Qingdao recorded a decrease of -10% to $ 44.59 per metric ton.

This price drop subjected to very strong pressure the Australian BHP [NYSE] BHP Billiton Limited and Australian - British corporation RIO [NYSE] Rio Tinto plc, which are the leading providers of this resource worldwide. The quotations of the shares of both companies are currently on 52W Range - minimum of NYSE. Since the end of 2013, some analysts warned that the best days for the mining center in Perth will gradually become history, even though the giants of mining then were some of the best payers of investment banks. Today the largest holders of shares in companies such as BHP Billiton are pension funds, who prefer the returns seem safer and more diversified. However, this year the shareholders courageously voted for a more targeted and optimized to yield company focused on iron ore. The Chinese market, however, bringing surprises, especially painful for low-risk investors.