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Reuters
Reuters
Business

Australian dollar falters after government loses majority in parliament

An Australia Dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration

SYDNEY (Reuters) - The Australian dollar slipped to a 3-1/2 month low on Friday after the government lost its one-seat majority in the lower house following a High Court ruling that made the deputy prime minister ineligible to remain in parliament.

The currency <AUD=D4> went as low as $0.7623, a level not seen since July 11. It was last down 0.34 percent at $0.7636.

The court has now ordered a by-election for Barnaby Joyce's seat.

(Reporting by Swati Pandey; Editing by Kim Coghill)

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