CNN Money: Macy’s sales slump as foreign tourists stop spending
Article published: May 13, 2015 – out of date: no longer suitable for your IB Economics commentary
IB Economics syllabus: International Economics (exchange rates, export prices)
As the USD got stronger, tourists in the U.S. started spending less (especially when it comes to luxuries).
Source of image: Kena Betancur/Getty Images