Watching EM FX reaction to latest FOMC minutes

The Fed minutes confirming the 'higher for longer' narrative, even with some dovish undertones from a few members, seems to be driving the divergence in EM currencies. $ZARUSD pushing higher today, currently around 0.06125, while $TRYUSD continues its struggle at 0.02133. This seems to be amplifying the selective risk-on / risk-off plays. It’s making me refine my watchlist to focus even more on countries with stronger current accounts versus those with structural vulnerabilities to rate differentials.