The countdown began late Tuesday afternoon, with most majorcurrencies settling in to a tight range as traders await the EuropeanCentral Bank's (ECB) rate decision to be announced early in theNew York trading session on Wednesday. The announcement isexpected at 7:45 AM EDT, with a press conference scheduled for8:30 AM EDT. Traders were mixed in their views on exactly what theeuro-dollar might do if the ECB were to lower rates by the expected 25 basis points.