Dogs Rule on 26 October 2008
Depends on if you want to favour your consumers and businesses who import a lot (since they will benefit from a strong currency since it costs them less to import goods) or if you want to favour your manufacturing and export businesses. The latter benefit from a weak currency because much of their costs (labour) is not currency sensitive and their products are attractive to foreign countries because they don't cost as much to the foreigner.
So I'd say you want a strong currency, but not so strong that is affects your manufacturing sector by making their goods too expensive to exporters.
