# Australian government loses majority after High Court rules deputy prime minister ineligible

> Australia's High Court ruled that Deputy Prime Minister Barnaby Joyce and four other lawmakers were ineligible to sit in parliament because of dual citizenship. The ruling removed the government's one-seat majority and forced a by-election. The Australian dollar fell a quarter of a US cent.

- Date: 2017-10-27 · published 2017-10-27T12:00:00.000Z
- Category: policy · region Australia · magnitude low
- Page: https://feedsoft.ai/events/68705-australian-government-loses-majority-after-high-court-rules-deputy-prime
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

The political instability creates short-term currency noise but has no clear mechanism to move feed commodity supply or demand.

## Sources

- cnbc.com: https://www.cnbc.com/2017/10/26/australian-government-loses-majority-after-high-court-rules-deputy-prime-minister-ineligible.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.