AUD/USD clings to daily gains, comfortable above 0.7400 handle ahead of US data

•  Upbeat Aussie building permits data triggers the initial leg of up-move. •  The ongoing slide in US bond yields added to the prevalent USD weakness. •  Traders seemed to have largely ignored dismal Chinese PMI numbers. The AUD/USD pair maintained its bid tone through the mid-European session and is now holding comfortably above the 0.7400 handle ahead of the US data.

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