Everything Else Equal, Significant Trade Deficits, Imports Exceeding Exports, Should

Everything else equal, significant trade deficits, imports exceeding exports, should have what effect on a country's exchange rate?

A) Trade levels do not affect exchange rates.
B) The country's currency should appreciate in value relative to their major trading countries.
C) The country's currency should depreciate in value relative to their major trading countries.
D) None of the above is correct.