The U.S. dollar has been strong this year with the greenback ETF UUP adding 4.2% past month (as of Oct 10, 2022). Invesco DB US Dollar Index Bullish ETF (UUP): ETF Research Reports The dollar strength, rising rates in the United States, capital outflows, a slump in China’s economy, strong inflation and a debacle in Russia investing have all added up to the EM crisis.