UNION BANK, N.A., Los Angeles

BANK OF TOKYO-MITSUBISHI UFJ GROUP



Telephone (800) 325-9422

Facsimile (213) 236-6448



Global Foreign Exchange

DAILY FOREIGN EXCHANGE MARKET SUMMARY



July 3, 2009



The US dollar was mostly unchanged vs. the major currencies as US
markets are closed for the Independence Day holiday.



The euro edged higher against the dollar as investors took profit from
yesterday's weakness in the euro. Weak data from Euro Zone had little
effect in holiday thinned markets. Retail sales fell 0.4%
month-on-month and fell 3.3% year-on-year. The Eurozone Services
Purchasing Managers Index in June was at 44.7, down from 44.8 in May.



The British pound was slightly higher against the dollar on profit
taking. An index of UK services PMI eased to 51.6 in June, lower than
forecasts of 52.0. Analysts say that the sterling's moves are mostly
driven by the dollar.



The Japanese yen remained steady against the dollar in the absence of
economic news between the two countries.



The Canadian dollar edged higher against the dollar today in thin
trading with US markets closed for a holiday. Steady crude oil prices
did not affect the commodity-linked currency.



The Australian dollar strengthened against the dollar after the release
of robust domestic data. Data showed that vehicle sales surged 36.3% in
June to their third highest volume ever. The services sector survey's
index of sales climbed to 55.2, the highest reading since the start of
2008.



The New Zealand dollar weakened against the dollar with fresh doubts on
a prospect for global recovery. Investors retreated from high-yielding
currencies like the kiwi into safe-haven currencies.





EUR/USD 1.4003

USD/JPY 95.99

GBP/USD 1.6344

USD/CAD 1.1584

USD/MXN 13.2235

USD/CHF 1.0859

AUD/USD 0.7991

NZD/USD 0.6308

USD/DKK 5.3146

USD/SEK 7.7577

USD/NOK 6.3985

USD/TWD 32.868

USD/CNY 6.8320



10-Year Treasury Note Yield: 3.489%

Dow Jones Industrial Average: 8,280.74 -223.32



This market summary is prepared by Union Bank's Global FX Department for
the general information of its customers. It is based on the most
accurate information currently available, but should not be considered
investment advice or a guarantee of future exchange rates or trends.






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