(Bloomberg) — U.S. stocks rose to a record and the dollar fell as traders pushed back bets on higher interest rates amid uneven growth in the world’s largest economy. Oil rallied.

All three American equity benchmarks also climbed amid deal activity and as crude oil extended gains to boost commodity producers. Emerging-market stocks advanced for an eighth straight day as Russian shares rallied to their all-time high. The dollar declined against most of its major peers, while the British pound fell to the lowest level on a closing basis since 1985 on speculation data will show the U.K.’s decision to leave the European Union has negatively affected the economy.

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