Watching USD strength after Fed speak, how does it affect EM?

Been following the commentary from various Fed members lately, and it feels like the hawkish tone is really starting to solidify again, even with the recent data quirks. I'm seeing $USDMXN tick up to 17.33441 today, and it got me thinking about broader EM currency plays. With the dollar seemingly regaining some footing, is the room for currencies like the Mexican Peso to appreciate shrinking, or is this just short-term noise before a potential reversal? Also curious if anyone's looking at how this might play into carry trades, given rate differentials are still attractive in some places, even with a stronger USD.