eFXdata reports that UOB Research discusses the USD outlook. 

"We keep to our view that this rebound in USD in March is unlikely the start of a sustainable uptrend, at least for the rest of this year. First and foremost, US bond yields - the trigger for this USD resurgence – appears to moderate in intensity after a steep rise across February – March. Also, the Fed is decisively patient to see the US economy through the pandemic before looking to normalize monetary policies," UOB notes. 

"Beyond the near-term temporary USD strength in 2Q21, a brighter global growth outlook as the vaccination rollout accelerates means cyclical and risk currencies within the Majors and Asian FX space would regain their footing and strengthen anew against the USD," UOB adds.