Stocks and gold cheer U.S. inflation picture, while dollar slides

After long weekends in much of the world, this week is fairly action-packed in terms of economic data. Still to go are U.S. producer prices and retail sales, both of which could help set expectations for what the Fed might do at its May meeting.

"The market view is a bit split on whether it'll be a 'hawkish hold' or a 'dovish hike'," Aninda Mitra, head of Asia macro and investment strategy at BNY Mellon Investment Management, referring to next month's Fed meeting.

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