NEW YORK (Reuters) -The dollar slipped for a second straight session on Wednesday, a day after a U.S. inflation reading increased expectations of a Federal Reserve rate cut next month and renewed pressure from President Donald Trump for lower rates added to the sell-off.

The U.S. dollar ticked marginally higher against other major currencies in calm market trading on Thursday, but stayed close to multi-week lows as bets that the Federal Reserve will resume cutting interest rates next month rose.

The US dollar languished at multiweek lows versus major peers on Thursday as traders ramped up bets for the Federal Reserve to resume reducing interest rates next month.