Not convinced that "bad news is good news" for the single currency - BBH

FXStreet (Mumbai) -Analysts at Brown Brothers Harriman explained their outlook for the euro over the Greek debacle.

Key Quotes:

"Some observers argued that the resilience of the euro in the face of the deterioration of the Greek negotiations means that "bad news is good news" for the single currency. "

"We are not convinced. We expect the euro, which closed near the week's low before the weekend gaps lower in early Asia. We expect equity markets to suffer broad declines. "

"The yen and Swiss franc perform relatively well, as is often the case in financial turmoil."