Dollar set for worst quarter since 2002, Fed eyed

The dollar was stuck near an eight-month low on Thursday, hobbled by speculation of more quantitative easing from the Federal Reserve, while European stocks took a breather after September's rebound. The euro, initially steady against the dollar, was down 0.4 percent on the day at $1.3578 after Ireland's central bank put a 34 billion euros ($46 billion) price on bailing out Anglo Irish Bank under a worst case scenario.

The dollar (.DXY) is down 8.3 percent this quarter against a basket of world currencies, its worst quarter in more than eight years, as a sluggish economy and stubbornly high unemployment levels in the United States have fueled expectations of another round of asset buying by the Fed.