U.S. declines to name China forex manipulator

WASHINGTON, Oct 15 (Reuters) - The U.S. Treasury Department declined on Thursday to label China a currency manipulator but repeated that it considers China's yuan undervalued and will keep trying to persuade Beijing to let it rise.

In a semiannual report to Congress on currency practices of key trade partners, Treasury said global financial conditions "have improved dramatically and signs of an economic recovery have begun to emerge." It said none of its trade partners were manipulating their currency rates for trade advantage. (Reporting by Glenn Somerville; Editing by James Dalgleish)