We present large-scale Monte Carlo results for the dynamical critical exponent z and the spatio-temporal two-point correlation function of a (2+1)-dimensional quantum XY model with bond dissipation, proposed to describe a quantum critical point in high-T c cuprates near optimal doping. The phase variables of the model, originating with a parametrization of circulating currents within the CuO 2 unit cells in cuprates, are compact, {θ r,τ } ∈ [−π,π . The dynamical critical exponent is found to be z ≈ 1, and the spatio-temporal correlation functions are explicitly demonstrated to be isotropic in space-imaginary time. The model thus has a fluctuation spectrum where momentum and frequency enter on equal footing, rather than having the essentially momentumindependent marginal Fermi-liquid-like fluctuation spectrum previously reported for the same model.