The season of cheap money seems to be ending. No doubt, investors overreacted a bit in early June. However, the general trend approaching QE tapering and, subsequently, the re-assessment of country-specific risks, seem on its way. In this respect, the perspectives of the Ukrainian economy, heavily reliant on QE3-related cash inflow, should also be reviewed. More about economic perspectives, please, read at our last quarterly report “Alert: Currency Risk Ahead”. The full report could be obtained through subscription at Global Source (www.globalsourcepartners.com). Trial access is available.