The Swedish, Norwegian, and Danish Kroner all gained modestly versus the euro throughout the past few days, and today was no different.
The EUR/SEK has continued to trade within a bearish channel, and today's euro news pushed the pair from 10.25 to as low as 10.10 in today's trading, highlighting the Swedish Krona's continued rise from last Thursday. The EUR/NOK experienced similar behavior with a significant rise in the value of the NOK from a price of 8.2395 to 8.1375 by the close of European trading.
A number of Scandinavian investment firms were also anticipating a rebound of the region's currency values, citing an over-correction to the SEK, NOK and DKK. The correction has largely been taking place steadily over the last four trading days, and fundamental news in Europe seems to carry little impact. Scandinavian currencies have each entered bullish channels against the EUR and, despite the natural fluctuations of these trends, the overall direction seems to be positive.