Strategists offer a different assessment against the expectation that the dollar will fall

The dollar’s brief slide after the U.S. midterm elections is unlikely to mark a lasting downturn, according to strategists at Bank of America, Standard Chartered and Chatham Financial, who point to the resilient U.S. economy and expectations that the Federal Reserve could resume raising interest rates as key supports for the currency. They flag tech-stock selling and political uncertainty in Washington as the main risks to the dollar’s strength. The debate matters because it challenges the consensus view that the dollar is set to weaken. What to watch next: Fed policy signals and whether Washington’s political gridlock intensifies.