NEW YORK, Aug 31 (Reuters) - Speculators reduced their net long U.S. dollar positions, after hitting a more than 1-1/2-year high the previous week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.
The value of the net long dollar position was $23.34 billion in the week ended Aug. 28, from $23.67 billion the previous week. Speculators have been net long dollars for 11 straight weeks, after being net short for 48 consecutive weeks.
U.S. dollar positioning was derived from net contracts of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Sandra Maler )