Angela Kocherga
Lower peso means lower holiday sales expectations
10:26 AM CDT on Wednesday, October 8, 2008
EL PASO, Texas—The financial crisis is having an effect along the Texas and Mexico border.
AP photo
Many are concerned that Mexico’s peso continues to tumble lower against the dollar.
It has been that way for the past several days.
Experts say that Texas businesses that depend on shoppers from Mexico are preparing for a rough holiday season.
Some shopkeepers in El Paso say they are already seeing a drop in sales.
According to experts, the impact is likely to be felt well beyond the border in our state.
That’s because, experts say, shopping is one of the main reasons tourists from Mexico visit Houston.
Inside KHOU.com
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