* Fear of global slowdown lifts yen and dollar

* U.S. consumer prices tumble in October

* US auto sector, commercial property a worry

* For up-to-the-minute market news, click on FXNEWS (Updates prices, adds comment, changes byline)

By Gertrude Chavez-Dreyfuss

NEW YORK, Nov 19 (Reuters) - The U.S. dollar slipped versus the yen on Wednesday, as worries grew about the ailing U.S. auto industry and a record slide in U.S. consumer prices fanned fears of a deeper recession.

The euro, meanwhile, weakened against the dollar as worries about a worsening global slowdown prompted investors to shun stocks and other risky assets for the safety of U.S. Treasuries.

Wall Street shares ended sharply lower amid uncertainty about a proposed rescue package for the auto industry, with the Dow index closing below 8,000 points for the first time since March 2003.

Minutes from the Federal Reserve's meeting last month released on Wednesday further added to the bleak global economic story.