According to The National Post, the spot exchange rate for the Euro is Euro 1 = $1.30. The sixmonth forward exchange rate is Euro 1 = $1.37. Based on these quotes, which of the following statements is/are true:

I. The Euro is selling at a discount relative to the dollar.

II. The Euro is selling at a premium relative to the dollar.

III. The dollar is selling at a discount relative to the Euro.

IV. The dollar is selling at a premium relative to the Euro.