As we head into the longest day of the year in the Southern Hemisphere, the trading ranges for the Aussie Dollar have narrowed quite noticeably. Over the past 48 hours, AUD/USD has been stuck in a 32 pip range from 0.7647 to 0.7679 with little in the way of catalysts or investor enthusiasm to move it one way or the other.
Having amused everyone yesterday with a Press Release entitled “Seasonally adjusted greetings from the ABS”, which looked at some of the quirkier numbers around Christmas, the official statisticians separately drew some insights into Australia’s ageing population. They noted that in 2016, nearly one in every six people (16 per cent) was aged 65 years and over, an increase of 664,500 since 2011. Additionally, in 2016, there were almost half a million people (486,800) aged 85 years and over, an increase of around 85,000 people over the past five years.
In 2016, over a third of people aged 65 years and older (37 per cent) were born overseas. About two thirds of these (67 per cent) were born in Europe, while almost a quarter of older overseas born people (24 per cent) reported that they were born in England. While the majority of older people (82 per cent) only spoke English at home in 2016, Italian (3.2 per cent) and Greek (2.2 per cent) were among the most commonly reported languages other than English.
We’ll leave the last words on both population and Christmas to the ABS without further comment: “if you are celebrating your birthday on Christmas Day you are in rare company as the last 10 years of data shows it is the second least common birthday, after February 29. However, the Christmas and New Year holidays are the most likely time for babies to be conceived.”
The AUD opens in Asia this morning at USD0.7660 with AUD/NZD at 1.0980 and GBP/AUD1.7475.