UPDATE 1-Net dollar longs fall for 2nd week, euro shorts up -CFTC, Reuters

(Adds details, table) Jan 30 (Reuters) - Speculators reduced bets in favor of the U.S. dollar in the latest week and propelled net shorts on the euro to their highest level since June 2012, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position slipped to $44.28 billion in the week ended Jan. 27, from $46.22 billion the previous week. Net dollar longs declined for a second consecutive week. That said, it was