The APECLM 2018 was hosted by Papua New Guinea. Mike Pence represented former President Trump at the event. Trump did not attend the ASEAN summit in 2019. Instead, he dispatched a non-government representative. Obama asked Kerry to represent the United States at the 2013 APECLM. Thanee Saengrat, a spokesperson for the Foreign Ministry, confirmed that President Macron would be present. Macron expressed his eagerness to meet with Prayut. Emmanuel Macron, who became French Prime Minister in 2017, will visit Thailand in May. Emmanuel Macron is the “special guest.” Even though Thailand is not a member of the G20, it was requested that Prime Minister Prayut attend the summit in Osaka, Japan. Monday, French President Emmanuel Macron informed Thai Prime Minister Prayut Chan-o-cha in a letter that he will attend the APEC meeting in Bangkok on November 18-19. Although the United Kingdom and India are not APEC members, they were invited to attend (APEC). Each location will lose. APEC does not include Cambodia. On November 15 and 16, he will attend the G20 Summit in Bali, Indonesia. The U.S. participates in APEC. On account of his granddaughter’s wedding on November 19, Vice President Joe Biden will be absent. The vice president, Kamala Harris, will go herself. United States presidents are accustomed to sending representatives to foreign meetings.

According to Poon Panichpibool, a market strategist at Krungthai, the value of the Thai baht in relation to the United States dollar will most likely fluctuate between 37.25 and 37.50 throughout the course of the day. According to him, the baht is gaining strength and has already surpassed its support level as a result of the market is more willing to take chances. This is placing stress on the dollar, which is having the opposite effect on the price of gold. According to Poon, if US economic data on Wednesday is worse than expected, the market might think that the US Federal Reserve won’t raise the interest rate because doing so would make the financial market more willing to take risks. This is because raising the rate would make the market more competitive. On Wednesday morning, the exchange rate between the baht and the US dollar opened at 37.40, which was a slight improvement over the rate that prevailed on Tuesday evening, which was 37.60.

Also, it might put pressure on the dollar while helping the baht gain or move sideways near its support level of 37.30 to 37.40. This is the level that importers are seeking in order to purchase US cash.