Euro hits 14-month high on third day of gains

THE euro jetted past US$1.14 to its highest in just under 14 months on Thursday, with attempts by European Central Bank sources to moderate the message taken from a speech by President Mario Draghi this week falling largely on deaf ears.

Three days of the biggest gains in more than a year for the single currency have pushed the broader dollar index to its lowest since October and prompted some of the market's biggest dollar supporters to call the currency's rally over.

Mr Draghi's speech on Tuesday - coming amid a raft of hawkish signals from other major global central banks - convinced markets that the ECB was preparing to start withdrawing its own emergency stimulus for the eurozone economy later this year.