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 dollar weakened on Friday, concluding a data-rich week pointing towards a September Federal Reserve interest rate cut. Anticipation surrounds Alaska talks between Trump and Putin. Economists foresee a possible rate cut due to mixed economic signals,

The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.