In the portfolio balance model, what effect, other things equal, will a foreign governments budget deficit financed

Question:

In the balance model, what effect, other things equal, will a foreign government’s budget deficit financed by issuing bonds have on the home country’s currency value and why? (Assume a flexible exchange rate.)
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...