OREANDA-NEWS. June 15, 2010. Anatoliy Baluk, the NBU’s executive director responsible for foreign exchange regulation and control, said he forecasted USD/UAH exchange rate stability at 7.8-7.9 level at least until October 2010.

Concorde Capital: we believe this forecast is feasible and the NBU will continue keeping UAH exchange rate from appreciation by buying out excess FX supply in the local forex market (it soaked up USD 3.3 bln in March-May). We don’t consider a threat of UAH depreciation as significant in the coming quarters, providing global steel prices stay, at least, at their current levels. In 4M10, Ukraine’s BoP saw double surplus: current account of USD 109 mln and capital account of USD 505 mln.