Forex accounts- The U.S. dollar rose versus the euro on a second consecutive day after China´s stocks dropped, boosting demand for safe-haven currency.

Dollar showed significant gains on Wednesday, while oil and some stock market had a really low development. Traders look back at the greenback as a safer currency option

"Chinese stocks coming in lower was a bit of a scare this morning, so risk was taken off at the end of Asian trading. But London has chosen to ignore this," said Maurice Pomery, managing director at Strategic Alpha.

Wall Street stocks fall on worries about economic decline. The latest report on American factory orders became the latest sign that economy might not be recovering as fast as expected.

The New York Times reported that as traders become cautions, the news of the partnership announced by Microsoft and Yahoo had little effect in the market.

The dollar climbed up to $1.4085 per euro in early New York trades, from $1.4167 yesterday. On the other hand the Australian currency fell on forex accounts to 81.98 U.S. cents, after China´s Shangai Stock Exchange Composite Index dropped 5 percent, the highest point since November 18th.

The dollar index, which measures the greenback performance against various currencies, rose 0.6 percent to 79.290.