Australian Deputy Prime Minister Barnaby Joyce reacts as he sits in the House of Representatives at Parliament House in Canberra, Australia, October 25, 2017. Picture taken October 25, 2017. AAP/Mick Tsikas/via REUTERS
CANBERRA (Reuters) - Australia's High Court ruled on Friday that Deputy Prime Minister Barnaby Joyce is ineligible to remain in parliament, a stunning decision that cost the government its one-seat parliamentary majority and forced a by-election.
The Australian dollar fell a quarter of a U.S. cent after the unexpected decision. Australian Prime Minister Malcolm Turnbull said he accepted the court's ruling, even though it was "clearly not the outcome we were hoping for".
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