Dollar sags against world currencies due to uncertainty over auto bailout

The dollar was dragged lower against the world's major currencies Thursday as uncertainty over Senate passage of the $14 billion auto bailout piled on top of new evidence of rising unemployment and a wider trade deficit. The 15-nation euro jumped to $1.3317, its highest point since late October, in late New York trading Thursday from $1.3014 late Wednesday. The British pound also rose to $1.4978 from $1.4776, even as the British currency hit its most recent in a string of record lows against the Continental currency at 1.1252 euro.