USD Slips Back, CHF Remains In Demand - Trader

0810 GMT The dollar is giving back some of its sharp gains seen on the initial headlines of shelling between North and South Korea, however CHF remains in demand as a safety play, says a trader. EUR/USD now trades at 1.3585 from a low of 1.3526, GBP/USD is up half a cent at 1.5945, and USD/JPY has slipped to 83.64 from a seven week high of 83.85. EUR/CHF trades at 1.3415 from 1.3381, while USD/CHF trades in the middle of the day's 0.9908-0.9892 range. ( dowjones news)