1275–1325; Middle English shrewed, in part representing shrew1 + -ed3 (cf. dogged, wicked); in part probably past participle of shrewen to curse, v. use of shrew1 (see -ed2)

shrewdly, adverb
shrewdness, noun
unshrewd, adjective
unshrewdly, adverb
unshrewdness, noun

1. quick, discerning, perceptive, perspicacious, sagacious, keen; discriminating, intelligent. See acute. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
shrewd (ʃruːd)
1.  astute and penetrating, often with regard to business
2.  artful and crafty: a shrewd politician
3.  obsolete
 a.  piercing: a shrewd wind
 b.  spiteful
[C14: from shrew (obsolete vb) to curse, from shrew]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin & History

c.1300, "wicked, evil," from shrewe "wicked man" (see shrew). Cf. crabbed from crab, dogged from dog, wicked from witch. The sense of "cunning" is first recorded 1520.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
She also shrewdly declined to promote herself as the opposition's candidate for
  prime minister until after the election.
Some state governments already do this shrewdly and lavishly--with splendid
It's a terrific moment, shrewdly conceived and terrifying to watch.
Grant shrewdly conserved himself throughout his career and wisely knew not to
  overdraw the goodwill he had accrued.
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