"All in all this data was reasonably positive for the crown," said the same Scandinavian dealer. "You always have to be cautious about these kind of moves on slow days like this. It may well bounce back tomorrow."
The elections saw critics of the European Union more than double their seats in a protest vote against austerity and unemployment, but Italian bond prices rose as Prime Minister Matteo Renzi looked set to outstrip the country's anti-establishment 5-Star Movement.
Greek 10-year yields were 31 basis points lower at 6.22 percent after the anti-austerity Syriza movement of Alexis Tsipras won the vote but failed to deliver a knockout blow to the government of Prime Minister Antonis Samaras.
Elsewhere there were stunning victories for nationalist parties in Britain and France.
Read MoreEurope's right celebrates 'earthquake' win in vote
"Of course the French government will try and avoid any painful reforms even more so than before now. And the fact that the Greek government has no backing amongst the population was confirmed impressively by the election result," said Ulrich Leuchtmann, head of global FX research with Commerzbank in Frankfurt.
"However, in the end the reasons behind euro purchases are unlikely to have been hopes for reform in France or the political stability in Greece. As a result the outcome of the election is not an event that should affect the FX market."
The euro has fallen more than 2 percent against the dollar since May 5 against a backdrop of rising expectations that the ECB will further ease returns for holding the common currency next month.
Data from the Commodity Futures Trading Commission published on Friday for the week ended May 20 showed speculators raised their net short positions in the euro to 9,220 contracts from 2,175 contracts the previous week.
Against the yen, the dollar was last roughly flat at 101.90 yen.