EM Scare - Are we having another "Asian" Crisis?

What do you guys think? EM currencies are all over the place the last weeks, Turkey's central bank had to raise rates by 5% overnight to stop capital outflows, etc. I believe with raising expectations for a raise in American rates in the next months a lot of EM countries will find themselves with dwindling reserves and currency devalueing. Just bought some dollars as an insurance.

same

the loonie (Canada) is devaluing as well

had to exchange a lot

Korean Won is did pretty well recently but I'm no expert