Δ _Gold

Coeff.

Std. Err.

Z

P > |z|

Δ_Gold t-1

0.1162511

0.0921111

1.26

0.207

Δ_Oil t-1

0.2640494

0.6922552

0.38

0.703

Δ_EUR/USD t-1

39.96504

146.1948

0.27

0.785

constant

4.116153

3.998092

1.03

0.301

Δ_Oil

Coeff.

Std. Err.

Z

P > |z|

Δ_Gold t-1

−0.011622

0.0127144

−0.91

0.361

Δ_Oil t-1

0.3724225

0.0955545

3.90

0.000

Δ_EUR/USD t-1

26.02258

20.1798

1.29

0.197

constant

−0.0337552

0.5518713

−0.06

0.951

Δ_EUR/USD

Coeff.

Std. Err.

Z

P > |z|

Δ_Gold t-1

−0.0000425

0.0000639

−0.67

0.506

Δ_Oil t-1

0.0008917

0.00048

1.86

0.063

Δ_EUR/USD t-1

0.2080736

0.1013602

2.05

0.040

constant

−0.0010629

0.002772

−0.38

0.701