(Oct 3): Singapore’s dollar is set to weaken because the central bank is likely to scrap its appreciation bias at a policy meeting next week, according to a growing group of forecasters.

Mizuho Bank and Societe Generale SA are defying consensus by predicting the Monetary Authority of Singapore will adjust the slope of its nominal-effective-exchange-rate policy band to zero, from 1%, to counter slowing economic growth. Singapore’s dollar has already weakened 1.2% this year as the US-China trade war weigh on the outlook of the export dependent economy.

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