U.S. businesses feeling the pinch of weaker peso
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EL PASO – Six months after the downward slide of the peso in Mexico began squeezing the pocketbooks of Juarez residents, El Paso is starting to feel the sharp impact of less goods being sold on this side of the border, officials say. “I mainly come to El Paso to buy clothes for my son, the jeans and shirts he likes are cheaper here,” said Dona Maria Guadalupe Pacheco, a resident from Ciudad Juarez, who comes to El Paso to buy the items she needs. “I cross the bridge twice a week, I shop here in downtown El Paso. Due to the high price of the dollar, I cannot spend as much money as I used to spend before, I remember spending 50 dollars, now I only spend 20 dollars.” The value of the dollar in the last year has increased about 27.33 percent against the Mexican peso, according to the United States Federal Reserve Bank.